Analysis shows that bitcoin prices may fall further if they are unable to stabilize the 100-day moving average

According to CoinDesk news, Bitcoin prices hit a 100-day moving average (MA) of $9,653 at around 14:15 Beijing time, triggering a series of buy orders. At present, Bitcoin largely depends on whether it can stand above the 100-day moving average on the daily chart, otherwise it may fall further. The CMC market shows that as of now, Bitcoin has rebounded slightly, temporarily reporting $990.74, a decrease of 6.03% in 24 hours.