Here's why Bitcoin price crash below the 200-day MA could kick-start a bear market

Bitcoin price broke below the 200-day moving average after the recent sell-off.
Historical data shows that losing this support level has led to steep corrections in previous bull markets. 
Despite the bearish outlook, BTC may be primed to rebound before making lower lows. 
Bitcoin price could have hit a market top on April 14 when it made an all-time high of nearly $65,000. Even though there is potential for a rebound, the upswing might be short-lived. 

Bitcoin price loses crucial support level

In the following video, FXStreet's analysts evaluate where Bitcoin price could be heading next after losing the 200-day moving average as support. 


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Category: News | Views: 102 | Added by: rozhkovagency | Tags: #Bitcoin #Bitcoin markets #BTC | Rating: 0.0/0
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