Bitcoin Breaks Support, On-Chain Data Hints at Rebound

Bitcoin’s price has dipped below its crucial 365-day moving average, a level that historically signals the start of bearish phases. However, on-chain data from CryptoQuant suggests a potential rebound. The metric shows traders are nearing levels that preceded major market rallies in recent years. Experts have contrasting views: one highlights short-term weakness while another focuses on long-term accumulation opportunity.