Bitcoin's Weekly Close Target Set at $68.3K to Prevent Bearish Trends

Analysts warn that Bitcoin's inability to surpass $68.3K this week may lead to a repeat of last year's bear market.

Recent analysis highlights that Bitcoin's performance this week is critical, as it must close at $68.3K to avert a potential 'bearish acceleration.' Experts indicate that if the bulls do not reclaim the pivotal 200-week exponential moving average by week's end, the cryptocurrency risks mirroring the downturn experienced in 2022.