Reported about 1 year ago
Bitcoin's price dropped below the 200-day Simple Moving Average (SMA) for the first time since October, highlighting the significance of the trendline reflecting the surge from October lows. This decline occurred as the cryptocurrency fell for three consecutive days, slipping below the $58,492 level to under $57,300. The focus is now on the bull market trendline support at $57,590, with analysts predicting further declines in the short term.
Source: YAHOO