Bitcoin has closed a candle below its 200-week moving average (200WMA) for the first time since June 2022, and this could determine its next course of action. The latest weekly close came in at $59,486, which sat below the 200WMA at $62,443.Visit Website
Bitcoin Closes Below 200Week Moving Average for First Time Since 2022: What Next?
Bitcoin has closed a candle below its 200-week moving average (200WMA) for the first time since June 2022, and this could determine its next course of action. The latest weekly close came in at $59,486, which sat below the 200WMA at $62,443.
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Gabrielle Desailly a former investment strategist, Gabrielle covers the intersection of cryptocurrency and global finance. She specializes in regulatory developments, market sentiment, and how digital assets reshape economies.
