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BTC Bears Set Sights on $60K But Fundamentals Remain Promising (Bitcoin Price Analysis)
Bitcoin (BTC) Price Analysis & Technical Analysis
Recently, Bitcoin (BTC) Price Analysis, the price on the daily chart fell below the crucial support level of $68,000. This descent re-entered the broad descending channel, thereby invalidating the earlier breakout.
Looking ahead, the $60,000 support level appears poised as a plausible target in the coming weeks, while the 200-day moving average, positioned around $56,000, represents a potential worst-case scenario target.
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