Key Takeaways

• Bitcoin has returned to its 200-week moving average.

• Analysts remain sharply divided on BTC’s next move.

• The 200-week moving average has historically preceded major recoveries.

Bitcoin has fallen back to its 200-week moving average for the first time since 2023, returning to a long-term technical level that has historically marked major turning points in the crypto’s market cycles.

The move has sparked debate among traders, with some viewing the retest as a potential bear-market bottom and others warning that Bitcoin could still face a deeper decline toward $30,000.

Analysts Split on Bitcoin Price

Bitcoin’s price decline, currently trading at around $64,000, has brought it back to a technical…