Bitcoin Price Analysis: Key Support Levels to Watch as Market Consolidates Below 200-Day Moving Average 📉
Bitcoin has been experiencing difficulties in bouncing back following its sharp decline from the $68K level. Investors are closely watching several key support levels that could act as a safety net during this period of consolidation below the 200-day moving average.
Despite recent downturns, these support levels are critical for potentially stabilizing Bitcoin’s price and preventing further declines. The market remains cautious as it consolidates below this technical indicator.
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