Analysts split on whether Bitcoin will regain its record high after a 45% fall
MARKETSBitcoincoinbrief/daily · 1 source
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What happened
Bitcoin fell below $68,000 on November 13, more than 45% below its $126,080 all-time high. Analyst Z argues the record will not return, citing higher interest rates and competition for capital from AI firms and SpaceX, while Michaël van de Poppe and Merlijn The Trader see a possible bottom near current levels. CryptoQuant data shows the drawdown of roughly 19% is larger than the 14.39% average bull-market correction.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Watch whether Bitcoin holds the 200-week moving average near $67,975, with the $66,000 to $67,000 zone and $62,300 as the next downside levels.
- Watch for a weekly close below $60,000, which analysts cite as a clear warning for the bulls.
Written by AI from the sources, checked against them
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BeInCrypto
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