🚨Crypto Alert! Bitcoin (BTC) has dipped below the 200-day simple moving average (SMA) for the first time since October, indicating a potential long-term downtrend. The cryptocurrency fell below the 200-day SMA at $58,492, hitting lows under $57,300. If BTC continues to trade below this line, it could signal a bear market. The focus is now on the bull market trendline support at $57,590. A close below this level could trigger further selling. Senior market analyst at FxPro, Alex Kuptsikevich, suggests prices could slide to $51,500 in the short-term. What do you think? Share your thoughts in the comments! 👇