Bitcoin has touched its 200-week simple moving average for the first time since mid-August, slipping below the 68,000 level in the process. An analyst cited in the report flags the possibility of a drop toward 57,700 if the long-term trend line fails to hold. The move puts a widely watched long-term indicator back in focus for traders.

Is this a level you're watching closely on $BTC, or does a 200-week average matter less to you than short-term action?

Source: https://cointelegraph.com/markets/bitcoin-returns-200-week-trend-line-analyst-sees-risk-57k-next

#Riopay #Crypto #CryptoNews #Binance