Bitcoin must close week at $68.3K to avoid 'bearish acceleration:' Analyst

Bitcoin may continue to copy its 2022 bear market if bulls fail to reclaim the 200-week exponential moving average by the end of the week, new analysis said.

Bitcoin (BTC) battled a key 200-week trend line around Thursday’s Wall Street open as “bearish acceleration” fears persisted.

Key points:

Bitcoin threatens to add the 200-week exponential moving average to its list of new resistance levels.

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