Bitcoin’s $68K trend line seen as potential BTC price floor: Traders

Bitcoin is approaching its 200-week moving averages, a long-term support zone traders say could help define a potential BTC price floor.

Bitcoin (BTC) traders see its ultimate support trendline coming into play as part of a new macro BTC price bottom.

Key points:

Bitcoin is nearing a long-term trendline retest for the first time since late 2023.

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