Bitcoin Bearish Trend Intensifies as Price Falls Below Key Indicator
New York, NY – Bitcoin, the leading cryptocurrency by market capitalization, is experiencing a downward trend as its price falls below the 1-day Simple Moving Average (SMA). This technical indicator is commonly used by traders to assess market trends and is now pointing towards a potential continuation of Bitcoin’s decline. Investors and analysts are closely watching as Bitcoin targets new lows, with the breach of the 1-day SMA reflecting increased bearish sentiment and heightened market …