Bitcoin returns to 200-week trend line as analyst sees risk of $57.7K next
Summary
Bitcoin recently dropped below $68,000, bringing its price back to interact with the 200-week simple moving average for the first time since mid-August. Following this movement, an analyst warned that the cryptocurrency faces a potential further decline toward $57,700 in the near future.
Bitcoin price action interacted with its 200-week simple moving average for the first time since mid-August as it fell below $68,000.
Source: Read the full story at Cointelegraph.com News
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