Stock viewCointelegraph
Bitcoin returns to 200-week trend line as analyst sees risk of $57.7K next
Negative-21
GreyOak summary
Bitcoin price fell to $67,500, dipping below its 200-week simple moving average for the first time in nearly three months. Analyst Keith Alan warns that if the weekly RSI drops below 41.5, Bitcoin could test the cycle low of $57,700. This decline occurred alongside broader market weakness triggered by Jensen Huang's resignation as Nvidia CEO.
What it affects
- BitcoinNegative -21
Bitcoin fell below 200-week SMA to $67,500Rolling sentiment Negative -34
