Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level

After closing the week below a crucial support lev

Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level

Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level

After closing the week below a crucial support level, Bitcoin (BTC) has fallen below the $65,000 support for the first time since the early February crash, reaching a two-week low of $64,152.

Bitcoin loses the 200-week EMA in the weekly chart. Source: Rekt Capital
BTC’s performance in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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