Bitcoin experienced one of the largest declines in history, dropping below the 200-day moving average line following the shocks from FTX and COVID-19. As analyses predict a "mean reversion" in BTC prices next, the bearish momentum in Bitcoin has led to a record-breaking plunge below the 200-day simple moving average line.
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Bitcoin experienced one of the largest declines in history, dropping below the 200-day moving average line following the shocks from FTX and COVID-19. As analyses predict a "mean reversion" in BTC prices next, the bearish momentum in Bitcoin has led to a record-breaking plunge below the 200-day simple moving average line.