Bitcoin Struggles to Move Past Its 200-Week Moving Average, More BTC Downside Possible

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Altcoins posed a solid show over the last week with Ethereum (ETH) leading the pack and moving past $1,500 as of press time. On the other hand, Bitcoin’s performance remains relatively subdued!

While gaining 10% over the last week, BTC continues to face strong resistance at its 200-week moving average. Facing rejection at its 200-week moving average, BTC is currently trading at $22,102 levels.

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