Bitcoin Closes 4th Week Beneath 200 Weekly MA

Published on: July 4th, 2022

Chart of The Day: Bitcoin Struggles to Maintain 20k Price Level and Its 200 Weekly MA For the fourth consecutive week, BTC has closed below its 200 weekly moving average. Historically, this has marked previous market bottoms. However, this is the longest BTC has remained below its 200 weekly average, surpassing even the Covid capitulation of March 2020.


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