Bitcoin Slips Below 200-Day Average Amid Weakness
Key Takeaways
Bitcoin (BTC) is currently in a critical market phase. The price is approaching overbought zones, while key technical indicators suggest a potential continuation of the correction. Short-term investors are experiencing losses, and the price is trading below the 200-day moving average. Long-term investors should remain patient, as a bullish trend reversal does not appear imminent.
Bitcoin Below the 200-Day Moving Average – A Warning Sign?
One of the key technical indicators is the 200-day moving average (200DMA). At present, Bitcoin is trading below this moving average, which has historically been seen as a sign of weakness. The 200DMA is currently around USD 85,920, while BTC is trading below that level. The last time this occurred was in August 2024 – back then, the price remained below this level for almost two months.
A similar scenario could unfold again. For long-term investors, this may represent a buying opportunity, especially if the price continues to decline.
Mayer Multiple: When Is Bitcoin Considered “Cheap”?
The Mayer Multiple is an indicator that compares the current price with the 200DMA. Currently, this value stands at 0.96. A value below 1 indicates that Bitcoin is trading below its long-term average. Things get particularly interesting at a Mayer Multiple of 0.8 – this currently corresponds to a price level of around USD 68,740. Historically, this range has been seen as an attractive entry point for long-term investors.
On-Chain Data Shows: Short-Term Holders Underwater
The “Short-Term Holder MVRV” (Market Value to Realized Value) metric shows that short-term investors are currently incurring losses. The Bitcoin price is below the average purchase price of coins that have moved in the last 155 days. This indicates an oversold market situation – although it does not guarantee a near-term recovery.
The lower threshold of this metric is currently at USD 78,950. Should the price fall below this level, it could trigger further selling pressure.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Africa Slots: Best African-Themed Slot Machines
Reading time: ~ 3 minutes
-
Anime Slots – Anime-Themed Slots
Reading time: ~ 3 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 3 minutes
-
Space Slots – Best Space-Themed Slots
Reading time: ~ 3 minutes
Macroeconomic Uncertainty Weighs on Risk Assets
The overall economic situation in the U.S. is adding to investor uncertainty. Volatility in the stock markets has increased. Tech stocks such as Tesla and Nvidia have recently posted significant losses. Political developments, particularly regarding potential new tariffs and the upcoming U.S. jobs report, are also contributing to market nervousness.
Gold ETFs are seeing strong capital inflows – a classic sign that investors are seeking safe havens. Cryptocurrencies like Bitcoin, on the other hand, are considered high-risk assets and tend to come under pressure during such periods.
How Should Investors Act Now?
The situation remains tense for short-term traders. However, those with a long-term perspective can take advantage of the current weakness. Two strategies are worth considering:
- Dollar Cost Averaging (DCA): Making regular purchases of small amounts helps reduce the risk of entering the market at an unfavourable time.
- Targeted Buying During Sharp Price Drops: Large liquidations can lead to sudden price dips – these situations can offer attractive entry points.
Our Assessment
Bitcoin is currently under pressure – both from a technical and macroeconomic standpoint. The break below the 200-day moving average is a serious signal. At the same time, historical data shows that such phases often present attractive entry opportunities for long-term investors.
Those who remain patient and act strategically may benefit from potential market bottoms. However, short-term gains are unlikely at this stage. The coming weeks will be crucial – both for the crypto market and for the global economic outlook.
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $85,180.00 |
| 24h % | 3.17 % |
| 7d % | -2.82 % |
| 30d % | -8.64 % |
| 60d % | -16.87 % |
| 1y % | 22.75 % |
| Market Cap | $1,690,230,565,865.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
Advertising transparency