$BTC There’s a technical signal worth watching now: According to CoinDesk, Bitcoin has fallen below its 50-week moving average (around $75,153). Many analysts viewed September’s move above the average as the start of a new bull market; it has now become a failed breakout. The latest price is around $71,600, down about 3% in 24 hours and more than 10% over 7 days. Meanwhile, BTC spot ETFs have seen net outflows for several consecutive days, and the total stablecoin supply has fallen by about $14.2 billion over the past 30 days. My view: neither bulls nor bears should be too aggressive at this level. Wait for the price to close back above the moving average before drawing conclusions. For informational purposes only; this is not investment advice. #BTC #Technical Analysis