Bitcoin price bottom at $68K? Analyst points to historic support

Bitcoin price has fallen toward $68,000, prompting crypto analyst Doctor Profit to declare a market bottom as the cryptocurrency tests its 200-week moving average after losing key support levels. Bitcoin price fell toward $68,000 before recovering near $69,200, leaving traders focused on its 200-week moving average. Crypto analyst Doctor Profit called $68,000 the Bitcoin bottom and confirmed he was buying near that level. Daan Crypto Trades warned that Bitcoin must hold its weekly moving averages, while Merlijn identified $60,000 as invalidation. Peter Schiff declared Bitcoin in a long-term bear market, challenging bullish expectations of a recovery. Michaël van de Poppe predicted a possible rebound toward 72,000–74,000, while ETF withdrawals and liquidations continued.

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