Bitcoin Trades Below 50-Day Moving Average for First Time in 66 Days
Bitcoin has dipped below its 50-day moving average for the first time in 66 days, according to CryptoTicker.
Bitcoin ($BTC) has dropped below its 50-day moving average, marking the first time the digital asset has fallen under this technical threshold in 66 days, according to data reported by CryptoTicker.
Market Context
Instant Telegram notifications for large on-chain moves.
The 50-day moving average is closely monitored by market participants as a medium-term trend indicator. The move places the cryptocurrency below a level that has largely held as a technical foundation over the past two months.
Key facts
- Bitcoin traded below its 50-day moving average for the first time in 66 days.
- The development was reported by CryptoTicker.
Source: news.google.com
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