- Has Bitcoin ever fallen below 200 WMA?
- Bitcoin breaking risk tendency
Bitcoin’s 200 weeks mobile (200 WMA) has passed the $ 52,000 mark.
This essentially means that Bitcoin probably never returns below the aforementioned level.
Operators frequently use 200 WMA to soften years of price data and identify very wide trends.
This level is often seen as the support level with Bitcoin diamond scab that almost never breaks.
Has Bitcoin ever fallen below 200 WMA?
Although 200 WMA is generally treated as the last background, it is worth noting that the leading cryptocurrency has fallen below that key level several times.
For example, the price of the flagship was submerged below the key support during the most brutal days of the “Crypto Winter” of 2018. The cryptocurrency also fell below 200 WMA during the infamous “Black Thursday” in 2020.
However, cases in which Bitcoin fell below the key mobile average would always mark the long -term market funds.
On the contrary, when the price of Bitcoin extends above 200 WMA, it usually tends to reach the top of a specific market cycle.
Bitcoin breaking risk tendency
Meanwhile, Bitcoin is currently quoted in green after recently violating the level of $ 111,000 today.
The cryptocurrency managed to deviate from US actions, including the Nasdaq 100 100 technological heavy index. The actions are currently in red in the midst of growing concerns about tariffs and increased bond yields.
However, the leading cryptocurrency continues with a lower performance, which is constantly reaching new records.
The cryptocurrency has still dropped almost 11% since the maximum record that was achieved on August 14.
