Looks like a freak out to me. Not logical, sentiment and fear driven. COVID fears (yet again) and during a time the markets are showing weakness, and there's the flash reaction.
Might as well flip a coin. My bet is $53-55k range holds with that 100 day MA. If it doesn't, 48K and even $41 or $38 could be something. I doubt it, but... It's crypto.
Buy, sell, or buckle up because here... We.... Go!