$BTC spot: $68,300 — sitting right on the line that matters most.
Bitcoin is parked on its 200-week moving average (~$68K) after tagging a 12-week low of $67,568 yesterday. Down -4% in 24h, -10% this week, and -46% from the $126K all-time high.
The flow picture is ugly: US spot BTC ETFs lost $284M on Thursday alone, $1.44B over 5 sessions, and are now -$1.5B for the year. Fear & Greed: 20 — Extreme Fear.
Support: $67,500 / $65,000. Resistance: $70,000 / $71,400.
If the 200-week average holds, this is the buy-the-dip zone spot traders wait for. If it breaks, $65K comes fast. Watching $67.5K closely.
Not financial advice. DYOR.
#Bitcoin #Crypto
Bitcoin is parked on its 200-week moving average (~$68K) after tagging a 12-week low of $67,568 yesterday. Down -4% in 24h, -10% this week, and -46% from the $126K all-time high.
The flow picture is ugly: US spot BTC ETFs lost $284M on Thursday alone, $1.44B over 5 sessions, and are now -$1.5B for the year. Fear & Greed: 20 — Extreme Fear.
Support: $67,500 / $65,000. Resistance: $70,000 / $71,400.
If the 200-week average holds, this is the buy-the-dip zone spot traders wait for. If it breaks, $65K comes fast. Watching $67.5K closely.
Not financial advice. DYOR.
#Bitcoin #Crypto