BTC’s 1-week average market price falls below the 200-week average for the first time. BTC has seen increased sell-offs in the last week. Leading coin Bitcoin [BTC] registered a new milestone as the coin’s 1-week average market price fell deep below the 200-week average for the first time, CryptoQuant analyst Binh Dang found. According to Dang,
![Bitcoin [BTC]: With this new milestone, a new bull cycle remains in doubt](https://images.cryptocompare.com/news/default/ambcrypto.png "Bitcoin [BTC]: With this new milestone, a new bull cycle remains in doubt")
