Bitcoin falls below 200-week moving average for first time since 2023
By
Monica L. Correa
Summary
Bitcoin has fallen below its 200-week moving average for the first time since 2023, with the cryptocurrency down 34.1% year-to-date and 20.2% in the recent period. The article notes that historically, such dips below this key technical indicator have presented buying opportunities for investors.
Source
bskyBitcoin falls below 200-week moving average for first time since 2023seekingalpha.comKey quotes
· 3 pulledBitcoin (BTC-USD) is now below its 200-week moving average for the first time since 2023.
Historically, these dips have been a great buying opportunity, as shown in the chart below.
The cryptocurrency is down 34.1% year-to-date, down 20.2% just in
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