#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.