Bitcoin Slips Below 1-Day SMA: Is BTC Heading For Fresh Lows?

1 min read

11 months ago bitnews

Bitcoin (BTC), the leading cryptocurrency by market capitalization, is facing renewed bearish pressure as its price falls below the 1-day Simple Moving Average (SMA). This technical indicator, widely used by traders to gauge market trends, signals a potential continuation of the downward trajectory for BTC. As Bitcoin targets new lows, the breach of the 1-day