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