Bitcoin's 50-Day Average Hits Record High, but There's a Catch

The widely tracked 50-day simple moving average of bitcoin's BTC price is giving off mixed signals.The measure hit a record high, climbing into six figures for the first time in a sign of the broader bullish outlook for the leading cryptocurrency by market capitalization. At the same time, however, the spread between the price and the average has narrowed, suggesting scope for a price correction, or drop of at least 10%.The SMA surpassed the previous peak of around $99,300 recorded on Jan source: https://www.coindesk.com/markets/2025/06/05/bitcoin-s-50-day-average-hits-record-high-but-there-s-a-catch