glassnode: Bitcoin is currently below the 111-day moving average, which may indicate a structural shift in market sentiment.

According to ChainCatcher news and analysis by glassnode, Bitcoin is currently below the 111-day moving average ($93,000) and the 200-day moving average ($87,000), having recently tested the 365-day moving average ($76,000). These long-term moving averages have historically been key support levels. The breakdown here may indicate a deeper structural shift in market sentiment.

BTC-3.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)