Bitcoin dropped to $67,500, returning to its 200-week SMA for the first time in 11 weeks. The level has historically separated major cycle weakness from recovery rallies.

  • The 200-week trend line sits near $67,993 and is now a critical support zone.
  • Weekly RSI has returned to 41.5, a key support/resistance threshold.
  • A weekly RSI breakdown could expose Bitcoin to the $57,700 cycle low.

LaunchBar view: this is the level bulls must defend, not a casual dip-buy. Holding the SMA could trigger a sharp relief rally; losing it turns downside momentum into the dominant trade. Watch the weekly close and RSI before adding leverage.