$BTC is sitting right on its 200-week average, and Sunday's weekly close could decide the next move 📊
• 200W average: ~68K (Binance weekly closes)
• Price now: ~67.4K, just under it
• Per BeInCrypto, the same line caught BTC in July before the August rally
• Below it: 66-67K first, then 62.3K, a level buyers defended twice this year
• Pressure: US spot BTC ETFs bleeding for 7 straight sessions, plus $1.2B in liquidations (83% longs) and Fed hike odds
A weekly close back above ~68K says the dip was bought. A close below says this line is just another floor to test. $ETH and $SOL follow whichever way $BTC breaks. Not financial advice.
Weekly close tonight: reclaim 68K or lose it? 👇
#BTC #Bitcoin #CryptoMarket
• 200W average: ~68K (Binance weekly closes)
• Price now: ~67.4K, just under it
• Per BeInCrypto, the same line caught BTC in July before the August rally
• Below it: 66-67K first, then 62.3K, a level buyers defended twice this year
• Pressure: US spot BTC ETFs bleeding for 7 straight sessions, plus $1.2B in liquidations (83% longs) and Fed hike odds
A weekly close back above ~68K says the dip was bought. A close below says this line is just another floor to test. $ETH and $SOL follow whichever way $BTC breaks. Not financial advice.
Weekly close tonight: reclaim 68K or lose it? 👇
#BTC #Bitcoin #CryptoMarket
