BEARISH 62 Bitcoin.com News 2H ago · 1 min read

Bitcoin Slides Under $81K as Trump Breaks a Line Bulls Held Since August

AI summary

Bitcoin closed a daily candle below its 50-day moving average for the first time since August, breaking a level that had acted as a floor for roughly two months. The drop below $81K triggered $318 million in long liquidations in a single day. Traders will watch whether the 50-day MA now flips into resistance, since losing a support that had been repeatedly bought could invite further downside.

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