Bitcoin fell right through the $70,000 mark on Thursday, with over $1.5 billion in liquidations sweeping through the markets.

Notable Developments:

Trader Notes: Trader Altcoin Sherpa said Bitcoin is revisiting its 200-week exponential moving average for the first time since 2023, a level that has historically acted as strong long-term support.

While brief dips below are possible, he views the $60,000 region as a reasonable zone to begin accumulating.

Crypto Tony warned that Bitcoin has broken below the 200-week EMA in prior cycles, most notably in 2022, when prices eventually fell roughly 44%.

A similar move would imply downside toward the $35,000 area, which he has previously flagged as a…

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