Bitcoin Plunges Below Critical 200-Day Average as Dollar Surges to 3-Month High

Bitcoin has experienced a significant decline, dropping below the crucial 200-day moving average, a key technical indicator that many investors monitor for potential shifts in market trends. This downturn in Bitcoin's value coincides with a notable surge in the strength of the U.S. dollar, which has reached a three-month high, reflecting increased investor confidence in the currency as economic conditions fluctuate. This combination of events has raised concerns among cryptocurrency enthusiasts and analysts alike about the future trajectory of Bitcoin in relation to macroeconomic factors. source: https://www.coindesk.com/markets/2025/10/30/bitcoin-plunges-below-critical-200-day-average-as-dollar-surges-to-3-month-high