NewsSignalsAI analysis·Crypto Briefing·
Bitcoin slips to $68,500 as 21Shares strategist maps out key price tests
Bitcoin fell to around $68,500, slipping below its recent $70,000–$75,000 range and its 200-week moving average near $68,000.
21Shares strategist Matt Mena warned that a sustained break below $69,000 could expose $65,000 support, while a recovery would need to reclaim $70,000 and then $74,000.
With dollar strength and inflation data in focus, Bitcoin could face further downside pressure unless buyers regain the key recovery levels.
Bullish strength: 25/100
- A reclaim of $70,000 would be the first step toward recovery.
- Reclaiming $74,000 could signal a more sustained rebound.
- The strategist outlined longer-term targets of $87,000 and potentially above $90,000.
Bearish strength: 75/100
- Bitcoin has fallen to around $68,500, below its recent trading range.
- Price has dipped below its 200-week moving average near $68,000.
- A sustained move below $69,000 could lead to a test of $65,000.
This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.