Opinion: Bitcoin Falls Below 200-Day Moving Average, May Test $94,200
BlockBeats News, November 4, according to The Wall Street Journal, Katie Stockton, founder and managing partner of Fairlead Strategies, stated in a report on Monday that bitcoin has fallen below the 200-day moving average of $109,800. The 200-day moving average is one of the most widely watched indicators for defining long-term trends and also serves as a support level for bitcoin. This may indicate that the cryptocurrency could decline further, with the next target possibly at $94,200.
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.
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