Bitcoin’s 200-day simple moving average is in danger of turning bearish as its upward momentum has slowed to a crawl for the first time since October. Since late August, the measure has averaged a daily increase of less than $50, a significant drop from the $200-plus moves seen earlier this year, according to data from charting platform TradingView. As of writing, the 200-day SMA was $63,840. The 100-day SMA recently moved below the 200-day SMA, confirming a bearish crossover. The averages signal a weakening bullish sentiment and growing caution consistent with the increasing macroeconomic uncertainty.