Bitcoin broke below its 50 MA today

The consolidation continues for bitcoin.

After running way up, the price has been going sideways for a while now.

It just recently went below its 50 period moving average:

(Source: https://x.com/BitcoinNewsCom/status/1803117976138268896/photo/1)

While this is normally a bearish sign, it doesn't mean much in a sideways market.

The price will go above and below those longer moving averages several times during consolidation times.