Tag Archives: Bitcoin 200-Day SMA

Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level

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After closing the week below a crucial support level, Bitcoin (BTC) has fallen below the $65,000 support for the first time since the early February crash, reaching a two-week low of $64,152. Amid this performance, some analysts have warned that the flagship crypto could be on the “cusp of bearish acceleration,” warning that another major… Continue reading Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level→

Bitcoin 200-Day Average Signals Waning Bullish Momentum, Here’s What It Means For BTC Price

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A key long-term price indicator for Bitcoin, the 200-day simple moving average (SMA) appears to be losing its bullish momentum as the US economy added fewer jobs in August 2024. Bitcoin Must Overcome The 200-Day SMA To Reverse Trend The 200-day SMA is considered one of the more reliable long-term indicators to gauge an asset’s… Continue reading Bitcoin 200-Day Average Signals Waning Bullish Momentum, Here’s What It Means For BTC Price→