Crypto
Bitcoin may not revisit $60,000 range as long-term floor rises
Bitcoin’s 200-week moving average, seen as a key long-term support level, has risen above $65,000 for the first time, U.Today reported. The metric has climbed from around $64,000 in August to above $65,000. Blockstream CEO Adam Back highlighted the move after sharing a Look Into Bitcoin chart. Market participants backing the model see limited chances of bitcoin trading below $65,000 for long periods as spot prices trade around $76,000 to $77,000.
