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Viewpoint: Bitcoin falls below the 200-day moving average, or may dip to $94,200
On November 4, according to The Wall Street Journal, Katie Stockton, founder and managing partner of Fairlead Strategies, stated in a report on Monday that Bitcoin has fallen below the 200-day moving average of $109,800. The 200-day moving average is one of the most widely watched indicators for defining long-term trends and serves as a support level for Bitcoin. This may indicate that the crypto asset will further decline, with the next target possibly being $94,200.