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Bitcoin Price Dips After Week of Stability
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Bitcoin Dips to $66,000 Amid Bearish Sentiment, Traders Watch Key Levels
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News18
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29-03-2026, 17:30
Bitcoin Dips to $66,000 Amid Bearish Sentiment, Traders Watch Key Levels
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Bitcoin weakened to around USD 66,000, breaching its 200-day moving average and year-to-date average.
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The decline is driven by macro risk-off sentiment and tighter liquidity, but prices are stabilizing in the mid-USD 60,000 range.
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Analysts note a critical juncture, with expectations of a rebound towards USD 68,000 despite the breach of key averages.
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Easing geopolitical tensions and a drop in oil prices helped stabilize broader risk assets, including cryptocurrencies.
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Institutional interest remains firm, with BlackRock and MicroStrategy showing continued conviction in Bitcoin.
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