he $84,000-$85,000 demand zone, with analysts eyeing sub-$80,000 levels as potential buying opportunities for long-term investors. Bitcoin's 50-week moving average acted as initial support before the price tested [...]
Bitcoin Defends 100-Week MA Support, Potential Drop Below $80K Looms
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BTC
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Bitcoin has successfully defended its 50-week and 100-week moving averages as key support levels amid recent market volatility. Currently holding near $85,500, the cryptocurrency shows resilience in the $84,000-$85,000 demand zone, with analysts eyeing sub-$80,000 levels as potential buying opportunities for long-term investors. Bitcoin's 50-week moving average acted as initial support before the price tested [...]