BUSINESSTHE RIO TIMES
Bitcoin’s Make-or-Break Moment: The 200-Week Floor Breaks
Bitcoin's price collapsed 17% to about $61,000, breaking below the 200-week moving average—a critical floor for Bitcoin cycles—marking only the third time this has occurred in its history. The move signals a potential turning point for the cryptocurrency's trajectory.
Related Signal
Adjacent reporting
- Bitcoin steadies at $67,000, faces critical juncture after sliding 9.5% in seven days
- Bitcoin slides back below $74,000 as breakout to higher levels fails again
- Bitcoin extends losses to the $76,000 level, hitting 2-week low
- Bitcoin price falls under $70K as crypto markets liquidate $800M
- Bitcoin Cracks 7-Month Ceiling. Can Bulls Push It Higher?
- Bitcoin tanks below $63,000 for the first time since February as price selloff deepens