{"id":12230,"date":"2021-12-29T21:15:30","date_gmt":"2021-12-29T21:15:30","guid":{"rendered":"http:\/\/ci0295f8a3b00026c3"},"modified":"2025-01-29T13:05:40","modified_gmt":"2025-01-29T13:05:40","slug":"bitcoin-struggling-to-hold-its-200-day-ma","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-struggling-to-hold-its-200-day-ma","title":{"rendered":"Bitcoin Is Struggling To Hold Its 200-Day MA"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Bitcoin has been trading at sideways price action for most of December, struggling to stay above the 200-day moving average.<\/p>\n<p>After a strong October and an early November of new all-time highs, Bitcoin has encountered a blocking road in December, having lost 13.60% since the beginning of the month. This reality stands in stark contrast to a widespread belief that Bitcoin\u2019s price would hit $100,000 by the end of the year.<\/p>\n<p>At the time of writing, Bitcoin is trading at around $47,500 after having closed below its 200-day moving average on Tuesday. The 200-day MA is often used to gauge an asset\u2019s long-term trend in traditional capital markets. An asset is generally considered to be in an overall uptrend for as long as it holds above its 200-day MA.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/screen-shot-2021-12-29-at-20242-pm.png\" title=\"\"><\/figure>\n<p>In March 2020, Bitcoin violently broke below its 200-day MA as the pandemic outbreak spread fear throughout the world, including capital markets. It took BTC about two months to get back above the moving average, triggering a stellar bull market that would extend past the end of the year. Bitcoin held above its 200-day MA for over a year until China banned bitcoin mining, once again spreading fear to those unaware of Bitcoin\u2019s actual functioning mechanics and triggering a short winter for price over the summer months.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/screen-shot-2021-12-29-at-20344-pm.png\" title=\"\"><\/figure>\n<p>Despite the traditional stock market view that an asset below its 200-day MA could be in a bear market, for Bitcoin, it could represent a sale event. Given the peer-to-peer (P2P) currency\u2019s strong, unique fundamentals and its history of crushing all other assets over the past 10 years, a dip below a technical indicator can serve as a discount indication, especially given Bitcoin\u2019s volatility, which makes it plunge and soar more rapidly than traditional assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the traditional stock market view on 200-day moving averages, a dip below it could mean a sale event for Bitcoin.<\/p>\n","protected":false},"author":2572,"featured_media":11561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[1726,345],"class_list":["post-12230","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-moving-averages","tag-price"],"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/down.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/12230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=12230"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/12230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/11561"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=12230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=12230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=12230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}