glassnode: Bitcoin is currently below the 111-day moving average, which may indicate a structural shift in market sentiment
ChainCatcher news, according to glassnode analysis, 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.
A drop below this level may indicate a deeper structural shift in market sentiment.
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