Bitcoin collapses to $67,700 and retests 200-week SMA: Is this the bottom?

  • The Bitcoin price collapsed around $6,300 on Thursday and into Friday - a total of around 8.5%.
  • The price hit a low of $67,640 earlier on Friday, retesting the hugely important 200-week simple moving average (SMA) as it did so.
  • Is this now the bottom for Bitcoin, or could there be one more flush-out to the bull market support trendline at $65,750?