1d ago
Bitcoin tests $80,000 support as bear-cycle indicator triggers below 50-week moving average
Bitcoin is testing the 50-week moving average as prices fall below $110,000, a technical level that has historically preceded deeper corrections. The cryptocurrency has formed lower highs since reaching nearly $120,000 earlier this year, mirroring the pattern observed before the 2022 downturn. Analyst TradingShot notes the setup suggests Bitcoin may be entering a fresh bear cycle, with potential support near $80,000 if the key moving average fails to hold.
1d ago