@hiantiano2
When Bitcoin's price falls below the 200-day moving average (MA), it can signal a potential bearish trend or the onset of a bear market. The 200-day MA is often seen as a key long-term trend indicator. A price drop below this level suggests that the overall market sentiment has turned negative, and further declines could follow. However, this is not a guarantee of a bear market, as prices can temporarily dip below the 200-day MA before recovering. Traders typically combine this signal with other technical indicators to confirm the trend.
0 reply
0 recast
0 reaction