Bitcoin (BTC-USD) prices may not stay in the tank for too long, if chart history is any indication.
The insight: Bitcoin prices have fallen below their 200-day moving average for the first time since 2023. Historically, this has made for a good buying opportunity, as seen in the Yahoo Finance chart below.
Traders widely consider the 200-day moving average to be the “ultimate trendsetter” in financial markets. It represents the average closing price of a stock, digital asset, or index over the past 200 trading days, effectively smoothing out daily “noise” to reveal the long-term trajectory.
Time for a bitcoin bounce?
(Yahoo Finance)
Inside bitcoin: Bitcoin prices have fallen to around $63,000 — their lowest level since February. Prices are down more than 14% in a single week and 21% over the past four weeks.
Bitcoin reached its definitive all-time high in October 2025, when the cryptocurrency staged an unprecedented, massive bull run that peaked around $125,000.
Whales selling is a massive part of the latest sell-off. The signal that has genuinely spooked this market is Strategy (MSTR) — Michael Saylor’s digital assets company — selling bitcoin for the first time in nearly four years. Saylor has offloaded 32 bitcoin for roughly $2.5 million. It’s a financially immaterial amount, but the psychological damage of watching the famous bitcoin investor break his “never sell” vow has sent a shockwave through crypto sentiment.
Bottom line: The reality is that bitcoin is competing with the AI trade for investing dollars right now. AI is sexy, and bitcoin is so two years ago. If anything can keep bitcoin down, it’s this dynamic.
Brian Sozzi is Yahoo Finance’s Executive Editor and a member of Yahoo Finance’s editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.
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