Bitcoin’s major safety net just snapped. Why a drop below $85,000 might risk more selloff

Bitcoin just crashed through a price milestone it's been holding on to for two months, and sellers are calling the shots now. That trusty milestone? Bitcoin's average price over the last 100 weeks. Since November, this so-called 100-week simple moving average has consistently acted as a safety net, a level at which buyers have continued to buy every dip for nine weeks straight. But today, prices have slipped below $85,000, convincingly moving below the 100-week average line, as seen in the chart below. T ...