Bitcoin (BTC) Dips Below 200-Day Moving Average Amid Market Concerns

Bitcoin (BTC) price has fallen below the crucial 200-day moving average amidst ongoing declines. The cryptocurrency reached the $57,300 level for the first time since May 2. “Jerome Powell’s hawkish stance and continued selling pressure could drag Bitcoin to $52,000,” said Valentin Fournier, analyst at financial consultancy firm brn. Bitcoin’s drop below the critical 200-day

Source: CoinOtag