{"id":499299,"date":"2022-08-19T17:00:17","date_gmt":"2022-08-19T17:00:17","guid":{"rendered":"https:\/\/uniquehot.com\/?p=499299"},"modified":"2024-06-11T14:22:45","modified_gmt":"2024-06-11T14:22:45","slug":"bitcoin-price-declines-below-50-day-ma-is-a-recovery-expected","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-declines-below-50-day-ma-is-a-recovery-expected\/","title":{"rendered":"Bitcoin Price Declines Below 50-Day MA, Is A Recovery Expected?"},"content":{"rendered":"
Bitcoin price has no doubt had an interesting couple of weeks. After managing to recover from the crash that rocked the market in June, it is now back down to where it began, losing more than $3,000 in a matter of days. The swift decline has put the digital asset below key technical levels. So while the cryptocurrency had managed to maintain some bullish indicators after falling from $25,000 initially, it has now completely reversed this trend.<\/p>\n
Bitcoin Loses Technical Levels<\/h2>\n
Bitcoin has seen a fast fall in its price, which has translated into lower 50-day moving averages for the digital asset. So even when bitcoin had fallen to $23,000 levels, it had been able to maintain above this important point. That is until bitcoin lost its footing at $23,000 and is now trading just above $21,000.<\/p>\n