As opposed to the tumble yesterday which moved the price of Bitcoin from $64000 to $58800 in about 15 minute window, today there has been a more orderly fall.
As outlined earlier in a post (see post here), getting below the 200 bar MA (green line in the chart above, was needed to tilt the bias to the downside. That MA based the pair yesterday before moving to the $64000 high. It then stalled the sharp fall from the $64000 level to the $58800 area. Earlier today a low held support at the MA level.
So there was a history of the MA providing support.
In the US morning session, the price did break below that MA…
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