Bitcoin has fallen below its 200-day moving average, raising concerns about a potential test of the $94,200 level. This decline indicates a shift in market sentiment and could signal further volatility ahead. Analysts are closely monitoring this situation, as the 200-day moving average is often viewed as a critical support level. If Bitcoin continues to trade below this threshold, it may lead to increased selling pressure. Traders and investors are advised to remain vigilant as the market adjusts to these developments.
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