Data: Bitcoin price approaches the 100-week simple moving average, while Strategy has already broken below this support level.
Jinse Finance reported that the current price of bitcoin is operating near the key 100-week simple moving average, which serves as a core support level for the bulls. The relevant share price of Strategy has already fallen below this moving average, a signal that may indicate bitcoin could face a potential downward trend. Bulls must hold this support level to avoid bitcoin repeating the recent price decline seen in this strategy product.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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