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Bitcoin Slides Under $81K as Trump Breaks a Line Bulls Held Since August

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Bitcoin closed a daily candle below its 50-day moving average for the first time since August, as $318 million in long bets were wiped out in a single day. The Line That Broke For roughly two months, bitcoin’s 50-day moving average (MA) acted like a floor where every dip toward it got bought. That status […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Technical breakdown below 50-day MA triggers short-term selling pressure.

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