Viewpoint: Bitcoin has fallen below the 200-day moving average and may test $94,200

According to The Wall Street Journal, Katie Stockton, founder and managing partner of Fairlead Strategies, stated in a report on Monday that Bitcoin has fallen below the 200-day moving average at $109,800. The 200-day moving average is one of the most widely watched indicators for defining long-term trends and also serves as a support level for Bitcoin. This may indicate that the cryptocurrency will move further down, with the next target possibly at $94,200.