200-day Bitcoin the simple moving average is at risk of becoming bearish as its upward momentum slowed for the first time since October. Since late August, the measure has seen an average daily increase of less than $50, a significant drop from the $200-plus moves seen earlier this year, according to data from charting platform TradingView. At the time of writing, the 200-day SMA was at $63,840. The 100-day SMA recently moved below the 200-day SMA, confirming a bearish crossover. The averages signal weakening bullish sentiment and growing caution consistent with rising macroeconomic uncertainty.