A key metric that measures momentum in the Bitcoin price just fell to its weakest level since March.
Last week, Bitcoin’s Z-score to its 200-Day Moving Average fell under 1.0, where it has remained more or less ever since.
That means that the current Bitcoin price is only just under one standard deviation above its average daily closing price over the past 200 days….
Read More: This Metric of Bitcoin (BTC) Price Momentum Just Fell to its Lowest Since March – Is Now a Good Time to Buy?