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

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

Bitcoin fell below $68,000 and touched its 200-week simple moving average for the first time since mid-August. One analyst sees the risk of a further drop toward $57.7K if the trend line fails to hold. Traders watch the 200-week SMA as a long-term support gauge, so a decisive break lower would signal broader downside risk.

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