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via CoinDesk · By CoinDesk Staff
Here's why bitcoin turned lower from the 200-day average
BTC
BTC/USDT
$63,298.33
+0.36%
$63,298.33
+0.36%
(24s)24h Volume
$2,369,467,313.33
24h H/L
$63,340.00 / $62,968.45
Change: $371.55 (0.59%)
Long/Short
67.7%
Long: 67.7%Short: 32.3%
Funding Rate
+0.0032%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(04:52 AM UTC)
1 min read
BTC recently turned lower from the 200-day average, a barometer of long-term trends. CryptoQuant explains why.
Bitcoin's BTC$77,949.50 recovery from February lows, which had begun to look like a new bull run, hit a wall last week at the 200-day simple moving average (SMA) positioned just above $82,000. Since then, prices have pulled back to $77,500 in a move reminiscent of 2022 when a 43% relief…
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