Bitcoin (BTC) Price Tests Critical Support—Can Bulls Prevent a Breakdown Toward $50,000?

Story Highlights* Bitcoin price has returned to its 200-week moving average, a level that marked major cycle bottoms in 2015, 2018, and 2020.

  • On-chain valuation metrics suggest BTC is approaching an accumulation zone, but a loss of support could expose the price to sub-$60,000 levels.
BTC-3.2%
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