Data: Bitcoin is at a key support level; falling below the 365-day moving average may trigger a deep correction
ChainCatcher reported that Glassnode stated Bitcoin is currently positioned between key support levels, with its price below the 200-day moving average (100.74 millions USD) but slightly above the 365-day moving average (99.9 millions USD). Analysts pointed out that holding the 365-day moving average is crucial for maintaining market stability, and a break below this level could trigger a deeper correction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jupiter launches Ultra v3 trading engine, offering improved trade execution and MEV protection
Goldman Sachs Forms Global Infrastructure Financing Team, Betting on AI and Energy Transition Opportunities
Trending news
MoreCrypto prices
More
