Bitcoin Falls Below Key Moving Average, Signaling Potential Bear Market

A significant warning sign has emerged in the cryptocurrency market, with Bitcoin’s price falling below a key technical indicator. This dip below its 365-day moving average (MA) is causing alarm among many investors, sparking concerns about a potential new bear market. CryptoQuant’s senior analyst, Julio Moreno, highlighted this development, noting that it aligns with historical trends observed in 2022. The current drop below the 365-day MA suggests a shift in market momentum and signals a potential weakening of Bitcoin’s long-term strength.