#Bitcoinnews :

Bitcoin's Support Levels: 200-Week #Moving Average:

$BTC is trading below its 200-week moving average, a historically significant support level.

The 200-week moving average aligns with the Bitcoin #halving cycle.

The next potential support level is the 200-day moving average at around $23.6k.

Moving averages provide trend indicators, but other factors also impact Bitcoin's price.

Traders should consider multiple indicators and market conditions when making decisions.

#BitcoinButton #SEC

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