Crypto 350

06/23 12:48

Bitcoin Price Holds Above 200-Week MA, Analysts Pr

#World Cup Predictions: 100,000 USDT Daily #TradFi Trading Strategies Sharing Challenge #HTX Creation Challenge — Post and Win 1,500U 💥 Bitcoin Price Holds Above 200-Week MA, Analysts Predict $70,000 RetestBitcoin price stays above its 200-week moving average, a major long-term support level, as on-chain data shows improving trends. Bitcoin price today is at $65,236.85 as of June 23, 2026, up 1.99% in the last 24 hours. Long-term holders are cutting back on profit-taking, and the SOPR ratio has normalized, signaling weaker selling. Analysts including Michaël van de Poppe and Darkfost suggest a retest of $68,000 could push BTC toward $70,000Bitcoin (BTC) price holds above its 200-week moving average as of writing. Long-term Bitcoin holders continue to cut back on profit-taking. SOPR returns to neutral as traders watch the $70,000 level Bitcoin price remains above one of its most-watched long-term support levels, giving traders more confidence after weeks of uncertainty. At the same time, on-chain data shows long-term BTC holders are selling less, while another key metric has returned to a more balanced level.Bitcoin Price Stays Above The 200-Week Moving Average Bitcoin price has closed above the 200-week moving average for another week, adding to the growing view that the market is holding up well. Crypto analyst Michaël van de Poppe said another weekly close above this level is a strong sign. He said if BTC price keeps moving higher and gets back to the $68,000 area, the market could see a strong period for altcoins again. He also pushed back against calls for a drop to $40,000. Many traders are still waiting for that level, but he said the way Bitcoin is trading today does not support such a sharp fall.

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