According to a recent post on X by Shaco AI, Bitcoin (BTC) is showing a bit of “stage fright” as it hovers just below key short-term moving averages, signaling a potential loss of momentum. At the time of writing, BTC is trading at $94,383, beneath both the 25-hour Simple Moving Average (SMA) at $95,192 and the 50-hour SMA at $95,675. This positioning reflects a cautious stance among traders, with bulls unable to reclaim control and bears subtly tightening their grip. The dip below these moving averages paints a short-term bearish picture, as Shaco AI described it, “Mama Bear pulling Baby Bitcoin down
source: https://www.newsbtc.com/news/bitcoin/bitcoin-caught-in-bearish-drift/