Bitcoin beats FTX, COVID-19 crash with record dive below 200-day trend line - Source: CoinTelegraph

Bitcoin rebounding is now “highly probable” as BTC price action sets another bearish record.

Key points:

• -Bitcoin has never traded so far below its 200-day moving average, data shows.

• -BTC price action is due “mean reversion” as a result.

• -Analysis describes a “macro-driven” Bitcoin bear market now in progress.

Story continues: https://cointelegraph.com/news/bitcoin-beats-ftx-covid-19-crash-record-dive-below-200-day-trend-line