Bitcoin (BTC) has been consolidating between $68,000 and $66,000 over the weekend after falling below $70K last Thursday. At press time, Bitcoin was trading at $66,386, up just 0.02% over the past 24 hours and down 6.27% over the past week. Several indicators signal the coin’s upcoming capitulation but also point to an eventual recovery and a final turn to bullish trends.
Even more, he notes a crossover between the 50-day and 200-day simple moving averages on the 3-day chart, indicating an impending historical 40%-50% reset.
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