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Bitcoin (BTC) rebounding is now “highly probable” as BTC price action sets another bearish record.
Key points:
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Bitcoin has never traded so far below its 200-day moving average, data shows.
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BTC price action is due “mean reversion” as a result.
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Analysis describes a “macro-driven” Bitcoin bear market now in progress.
Bitcoin sees one of its fastest price drawdowns
New analysis from Martin Leinweber, director of digital asset research and strategy at European index provider MarketVector Indexes, says…
