Flash Crash Sends Bitcoin Price Below Key Moving Average

Ouch. Over the past few hours, Bitcoin has finally seen some volatility play out after a multi-week lull, plunging below $7,500 after holding in the low-$8,000s for days on end. Per previous reports from NewsBTC, this move largely caught traders off guard, with there being a massive long liquidation event of over $200 million on BitMEX amid this crash.
While the selling pressure has paused, there are some technical signals that imply bearish continuation over the coming days.
Yesterday, analyst