@sadiqgarba on BTCUSD | PriceONN Community
Given the current market conditions, I am curious about the community's perspective on the long-term outlook for BTCUSD. The price is exhibiting weakness below the 20 and 50-day SMAs, which could signal further downside. However, the 200-day SMA remains a key support level to watch. Do you believe the price will retest the 68000 level in the coming weeks, or are we likely to see a deeper correction? I am particularly interested in any insights based on fundamental analysis or macroeconomic factors influencing BTC's valuation. What are your thoughts on the potential impact of regulatory developments on the cryptocurrency market?