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Bitcoin Blocked by 200-Day Moving Average Again... Concern Over Retesting $73,000
Bull/Bear Index 47.0/100 →
crypto BEAR 75/10 TokenPost · 3h ago

Bitcoin Blocked by 200-Day Moving Average Again... Concern Over Retesting $73,000

Bitcoin (BTC) encountered resistance at its 200-day moving average, intensifying bearish signals and suggesting a continued decline, reminiscent of a similar pattern in March 2022. On-chain data also points to weakening spot and speculative futures demand, adding to the downward pressure.

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