This signal just cemented Bitcoin’s bear market

Bitcoin (BTC) may have confirmed a decisive shift into bearish territory after slipping beneath a key long-term technical threshold closely followed by seasoned market analysts. The 730-day simple moving average (SMA), a two-year trend gauge that has historically marked transitions into Bitcoin bear markets, now sits at roughly $81,250, according to insights shared by cryptocurrency analyst Ali Martinez in an X post on November 22. Bitcoin investor tool. Source: Glassnode According to the analysis, Bitcoin’s recent price action has pushed it below this level, a move that in past cycles has preceded extended periods of downward or sideways market performance source: https://finbold.com/this-signal-just-cemented-bitcoins-bear-market/