Bitcoin Tests Critical Long-Term Support as $57.7K Target Looms

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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 (BTC) fell to $67,500 on Friday, slipping below its 200-week simple moving average on its first test of the level in nearly three months.

Bitcoin fell to its 200-week simple moving average at $67,993, marking its first interaction with the trend line in 11 weeks.

Material Indicators co-founder Keith Alan said Bitcoin could revisit $57,700 if its weekly relative strength index fell below 41.5.

Asian stocks and Nasdaq-100 futures fell following Jensen Huang’s resignation as Nvidia CEO.

BTC price falls back to 200-week simple moving average

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