NewsSignalsAI analysis·Beincrypto·
Will Bitcoin Never Set Another All-Time High? Analysts Debate On X
Bitcoin has fallen below $68,000, leaving it more than 45% below its $126,080 all-time high as analysts debate whether the cryptocurrency can ever reach another record.
Some traders see a potential bottom near $68,000, while others warn of further downside, with elevated open interest and a possible leverage flush adding uncertainty; Bitcoin's 200-week moving average sits near $67,975.
A recovery above $75,000 could signal renewed strength, while a weekly close below $60,000 could intensify bearish pressure and challenge the current bull-market outlook.
Bullish strength: 35/100
- Short-term holder SOPR has reached levels associated with major bottoms in previous cycles.
- The 200-week moving average near $67,975 provides immediate support.
- Analysts see the possibility of a bottom forming within days.
Bearish strength: 65/100
- Bitcoin is more than 45% below its $126,080 all-time high.
- Elevated open interest suggests a potential leverage flush remains necessary.
- A break below support could expose the $66,000-$67,000 and $62,300 zones.
- A weekly close below $60,000 would signal a significant warning for bulls.
This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.