Bitcoin is approaching the support level of criticism.

Critical 100-Week Moving Average in Bitcoin

Bitcoin is trading near the 100-week simple moving average, a significant support level for bulls. This level holds vital importance for investors.

However, strategy sharing prices have already fallen below this average. This situation may indicate a potential downtrend for Bitcoin. Bulls need to defend this critical support level. Otherwise, the risk of experiencing losses similar to recent ones, such as strategy, increases.