Why bitcoin at $80,806 slipped below its 50-day line after 66 days: what matters now

The bitcoin price stood at $80,806 on Saturday morning, a second consecutive day below its 50-day moving average. That average sits at $81,807 on our own calculation, a gap of $1,001 or 1.23 percent. Two things are therefore documented: the price has fallen through a moving average it had held for 66 days, and it remains 10.84 percent above its 200-day average. Our assessment follows further down: the break is a level that trading programmes orient themselves by, not a verdict on the trend. For Bitcoin this is the first extended spell below that line since late summer.