Community Articles
via CoinDesk · By CoinDesk Staff
Here's why bitcoin turned lower from the 200-day average
BTC
BTC/USDT
$79,982.01
+0.46%
$79,982.01
+0.46%
(24s)24h Volume
$7,080,991,174.14
24h H/L
$80,200.00 / $79,545.96
Change: $654.04 (0.82%)
Long/Short
53.1%
Long: 53.1%Short: 46.9%
Funding Rate
+0.0026%
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…
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments
Other Community Articles
Wenhui Huang Jailed 78 Months Over $16.2M Apple iPhone Fraud: Bitcoin (BTC) Wallet Lessons
September 6, 2026 at 08:43 AM UTC
Dormant 2010 Bitcoin (BTC) Miners Move 350 BTC Worth $28M After 16.5 Years
September 6, 2026 at 07:49 AM UTC
Bitcoin (BTC) Slips Below $80,000 After Strong US Jobs Data
September 6, 2026 at 05:25 AM UTC