Data: Bitcoin is at a key support level; falling below the 365-day moving average may trigger a deep correction
ChainCatcher reported that Glassnode stated Bitcoin is currently positioned between key support levels, with its price below the 200-day moving average (100.74 millions USD) but slightly above the 365-day moving average (99.9 millions USD). Analysts pointed out that holding the 365-day moving average is crucial for maintaining market stability, and a break below this level could trigger a deeper correction.
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