Bitcoin just crashed below a key level — analysts warn it could sink toward $94,200 next
Katie Stockton, founder and managing partner at Fairlead Strategies, says that Bitcoin could take further plunges in the coming weeks, as she wrote in an internal note that Bitcoin has fallen below its 200-day moving average of $109,800 — a key level that traders use to understand long-term trends.
The 200-day moving average is seen as a strong support zone for Bitcoin, meaning prices usually bounce from it — but this time, Bitcoin has slipped below it, showing weakness in the market.
