Glassnode: Bitcoin trades below 200-week moving average for first time in history
Bi123 News According to data disclosed by blockchain analysis company Glassnode, the recent Bitcoin price has hovered between several popular and widely observed technical analysis pricing models, hitting the 200-week and 365-day moving averages (about 25.0k) in February ), the price touched the 200-day and 111-day moving averages (about 19,800) this week and then rebounded. This was the first period in history that BTC traded below the 200-week moving average. Looking at the market from this perspective Are in new territory.
