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Bitcoin returns to 200-week trend line as analyst sees risk of $57.7K next

CO
Cointelegraph
By Cointelegraph by William Suberg
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Bitcoin returns to 200-week trend line as analyst sees risk of $57.7K next
Photo / Coverage: CointelegraphCredit: Cointelegraph by William Suberg
EXECUTIVE SUMMARY

Bitcoin price action interacted with its 200-week simple moving average for the first time since mid-August as it fell below $68,000.

Key Takeaways

  • Bitcoin returns to 200-week trend line as analyst sees risk of $57.7K next.
  • Bitcoin price action interacted with its 200-week simple moving average for the first time since mid-August as it fell below $68,000.
  • Bitcoin price action interacted with its 200-week simple moving average for the first time since mid-August as it fell below $68,000.

Bitcoin price action interacted with its 200-week simple moving average for the first time since mid-August as it fell below $68,000.

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