Bitcoin (BTC) Closes Below 200-WMA for the Third Consecutive Week, Time to Be Cautious?

The world’s largest cryptocurrency Bitcoin (BTC) has once again come under selling pressure and is currently trading 2.15% down at a price of $20,686 with a market cap of $394 billion. This is for the very first time that Bitcoin has formed a third consecutive weekly candle below its 200-Week Moving Average.