📰 CRYPTO NEWS
Bitcoin fell below $68,000 and once again touched its 200-week simple moving average, a level it hadn’t reached since mid-August. This indicator is key because it has historically served as important support in previous market cycles. However, some analysts warn that if this level doesn’t hold, the price could fall further to $57,700. For retail investors, this means the market is at a major technical turning point, where every weekly candle counts. The question on everyone’s mind is whether this historic support zone will be enough to curb selling pressure, or whether we’ll see a more significant pullback before BTC resumes its uptrend.
What do you think? Let me know in the comments 👇
Bitcoin fell below $68,000 and once again touched its 200-week simple moving average, a level it hadn’t reached since mid-August. This indicator is key because it has historically served as important support in previous market cycles. However, some analysts warn that if this level doesn’t hold, the price could fall further to $57,700. For retail investors, this means the market is at a major technical turning point, where every weekly candle counts. The question on everyone’s mind is whether this historic support zone will be enough to curb selling pressure, or whether we’ll see a more significant pullback before BTC resumes its uptrend.
What do you think? Let me know in the comments 👇