Bitcoin criticism is approaching the support level.

Critical 100-Week Moving Average in Bitcoin

Bitcoin is trading near the 100-week simple moving average, an important support level for bulls. This level is vital for investors.

However, strategy share prices have already fallen below this average. This situation could be a precursor to a potential downtrend for Bitcoin. Bulls need to defend this critical support level. Otherwise, the risk of experiencing similar losses as those seen recently with strategy increases.