“Bitcoin is in serious trouble. It has fallen below its 365-day moving average,” — according to Bloomberg.

Market observers also sarcastically note that James Wynn keeps buying BTC, which some see as an additional contrarian warning signal.

Falling below the 365-day moving average is widely viewed as a bearish technical signal, often associated with shifts in long-term trend and weakening momentum. Historically, however, such moments have also marked high-volatility transition phases, sometimes preceding either deeper drawdowns or long-term accumulation opportunities, depending on broader macro and liquidity conditions.

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