By Isaac • August 17, 2026 7:20 am •
Bitcoin has slipped below one of the market’s most closely watched long-term trend lines, putting the next weekly moves under a brighter spotlight.
The largest cryptocurrency traded near $63,564 at the time of writing, with a market capitalization of roughly $1.276 trillion, according to CoinGecko. That keeps Bitcoin firmly at the top of the crypto market, but size does not make the current technical setup irrelevant.
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The issue is Bitcoin’s 200-week simple moving average. This slow-moving line smooths years of price action into a broad measure of long-term trend support.
Bitcoin has now posted a weekly close beneath it.
Cointelegraph reports that the same moving average became resistance in August 2022 before Bitcoin entered a prolonged
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