Bitcoin Faces Bearish Risk Below $68.3K

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Bitcoin may continue to copy its 2022 bear market if bulls fail to reclaim the 200-week exponential moving average by the end of the week, new analysis said.

Bitcoin battled a key 200-week trend line around Thursday’s Wall Street open as “bearish acceleration” fears persisted.

Bitcoin threatens to add the 200-week exponential moving average to its list of new resistance levels.

History offers lessons for what happens when price rejects from the key 200-week trend line.

Mayer Multiple values continue to show BTC in deep “oversold” territory.

Bitcoin’s fate hangs on $68,300 reclaim


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