BTC's 200-day SMA is close to losing its bullish momentum. TradingView data shows that the gauge has averaged a daily increase of less than $50 since late August, well below the $200-plus moves seen earlier this year. The slump in variability is a sign the average has hit stall speed for the first time since October, indicating a pause or impending bearish trend change. CoinDesk's Jennifer Sanasie presents the "Chart of the Day." #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: www.youtube.com/user/CoinDesk?... Site: www.coindesk.com Twitter: www.twitter.com/coindesk LinkedIn: www.linkedin.com/company/coind... Instagram: www.instagram.com/coindesk Facebook: www.facebook.com/CoinDesk Newsletters: www.coindesk.com/newsletters CoinDesk Podcast Network: open.spotify.com/show/2jyIhkvA... Markets Daily Crypto Roundup: open.spotify.com/show/7sDXM8Bl... CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
Is Bitcoin Losing Its Bullish Momentum? | Chart of the Day
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