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Bitcoin falls below its 365-day average amid 46% drop, signaling possible deeper market downturn.

Market News
22 Mar 2026
Tokenpost
View Source
Bearish
pluang ai news

Bitcoin has dropped below its 365-day moving average for the first time since 2022, following a 46% decline from its October peak of $126,080 to around $68,000. This technical break, highlighted by CryptoQuant, suggests a potential shift from a bull market to a prolonged bear phase, raising concerns among investors about the durability of the current trend. The decline coincides with broader market weakness, including a prolonged slump in U.S. equities, and follows a volatile derivatives expiration event, adding to uncertainty. Investors are now closely watching whether Bitcoin can reclaim this key level or if further downside will test market conviction and risk-taking strategies amid ongoing macroeconomic pressures.

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