Nidal BTC and S& P 500 are less than 200 days moving average, which is a major technical level

Bitcoin (BTCHe continued the struggle on Thursday, when she fought to stay above $ 80,000. The largest encrypted currency depending on the maximum market has now decreased by 3 % a day. It decreased by 13 % in the first quarter and about 30 % of its highest level ever from January.

According to Glassnode data, holders of the forces are short-term-investors who kept Bitcoin for less than 155 days-speculators who tend to enter the market during price peaks or periods of euphoria in the market. Since February, they have sold more than 100,000 BTC (about $ 8 billion at current prices), a sign that looked at lower losses (or locking any profits) before prices drop.

The decrease paid bitcoin to less than the moving average for 200 days, which is 86,300 dollars. The average is an important measure of the long -term market trends, and BTC is not the only risk investment in the lower below.

It has lost American stocks, as measured by S&P 500, this level. The index is currently about 5537 years, while an average of 200 days is 5,738.

according to Joe CarlassariA commercial arbitrator supports Bitcoin, when S&P 500 struggles to restore 200-DMA, history indicates low prices in the foreground.

“The S&P 500 is still struggling to restore 200 days,” Books on X. “If we cannot get a big march on it soon, it makes sense to expect that low prices backly will consider what is happening when we lose 200 days.”