$DEGEN
Cooling DownSnapshot Window: 2026-08-07 08:20 UTC ยท โ Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 16, Retweets: 3, Likes: 28, Impressions: 729
Verbatim Community Citations & Social Evidence 1 source posts analyzed
BITCOIN IS STILL 17% ABOVE ITS 300-WEEK MOVING AVERAGE. Bitcoin is trading at $64,897. Its 300-week moving average is $55,476, around 17% lower. In 2022, Bitcoin didn't find its bottom until it reached the 300-week moving average. This cycle hasn't tested that level yet.
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AI visual note: A weekly chart of Bitcoin/U.S. Dollar (BTCUSD) on the INDEX shows the cryptocurrency trading at $64,897.50, with a yellow 300-week moving average line at $55,475.92 illustrating that price remains roughly 17% above this long-term trend support, which Bitcoin only touched during the 2022 bottom and has yet to test in the current cycle.