Bitcoin Slips Below $84K as 50-Week SMA Near $79K Comes Into Focus
- —Bitcoin at $83,789, with a 24-hour low of $83,519.73
- —Weekly gain of about 10.6%, seven-day range of $75,972–$87,330
- —50-week SMA at $78,788; first weekly close above it in 45 weeks
- —24-hour volume of $43.31 billion, market cap $1.68 trillion
Why it matters: Whether the 50-week SMA holds as support will determine if the recovery continues or repeats the failed 2021–2022 crossings.
Source: Cryptonews.net