Bitcoin’s ability to maintain the 365-day moving average of $99,900 could provide crucial support for the cryptocurrency in the market. Many analysts are watching this moving average closely as it serves as a significant price indicator. If Bitcoin can sustain above this level, it may enhance investor confidence and potentially attract new buyers. Conversely, any failure to hold this average could lead to increased selling pressure and volatility in the market. Investors and traders should closely monitor Bitcoin’s price movements relative to the 365-day moving average for future trends.
