- 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 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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