Bitcoin preps fresh trend line showdown as weekly close sparks $60K target

Bitcoin preps fresh trend line showdown as weekly close sparks $60K target

Bitcoin price weakness brought back the risk of cementing its 200-week exponential moving average trend line as new resistance.

Bitcoin (BTC) threatened to cement new resistance into Sunday’s weekly close as traders focused on oil and gold.

Key points:

Bitcoin risks reinforcing its 200-week exponential moving average as new resistance this week.

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