Bitcoin is just 0.4 percentage points away from its worst week in more than two years.
$BTC is currently at $64,058, down 6.1% in 24 hours. It hit a low of $62,006 today, another new low since August.
It opened the week at $74,851 and has fallen to where it is now, a drop of 14.4%. The week of July 29, 2024 saw a 14.8% drop, making it the worst week in more than two years—and this week is now just 0.4 percentage points away from that mark.
All the long-term moving averages are overhead: the 200-day moving average is at $72,972, and the price has moved further and further below it since breaking beneath it on November 12; it is now 12.2% below. The 200-week moving average is also overhead, at $67,975. The Fear and Greed Index is at 10 today, indicating extreme fear.
Altcoins are falling even harder: $ETH 1,778 is down 7.6%; SOL is at $70.06, down 8.7%; BNB is at $583.65, down 7.3%; and XRP is at $0.9381, down 6.3%.
The next point to watch: the weekly close at 8 a.m. tomorrow. A close below $63,790 would make this the worst week since July 2024. This is not investment advice.
$BTC is currently at $64,058, down 6.1% in 24 hours. It hit a low of $62,006 today, another new low since August.
It opened the week at $74,851 and has fallen to where it is now, a drop of 14.4%. The week of July 29, 2024 saw a 14.8% drop, making it the worst week in more than two years—and this week is now just 0.4 percentage points away from that mark.
All the long-term moving averages are overhead: the 200-day moving average is at $72,972, and the price has moved further and further below it since breaking beneath it on November 12; it is now 12.2% below. The 200-week moving average is also overhead, at $67,975. The Fear and Greed Index is at 10 today, indicating extreme fear.
Altcoins are falling even harder: $ETH 1,778 is down 7.6%; SOL is at $70.06, down 8.7%; BNB is at $583.65, down 7.3%; and XRP is at $0.9381, down 6.3%.
The next point to watch: the weekly close at 8 a.m. tomorrow. A close below $63,790 would make this the worst week since July 2024. This is not investment advice.
