Bitcoin Falls Below 200-Day Moving Average: Analyzing Potential Downtrend and Market Implications
Bitcoin (BTC) has seen an 11.3% decline over the past week, currently trading around $80,000. This drop has pushed the cryptocurrency below the important 200-day moving average, raising concerns about a deeper setback. Analyst Ali Martinez notes that BTC needs to stay above $79,280 to potentially rebound. Historical patterns show that BTC often corrects 25% ...