Analysts split on whether Bitcoin will regain its record high after a 45% fall

BTC traded below $68,000 on November 13, more than 45% under its $126,080 peak, with the latest drawdown of roughly 19% exceeding CryptoQuant◼'s 14.39% average bull-market correction, per analyst MACD. Short-term holder SOPR has reached levels that marked major bottoms in past cycles. Ted Pillows argues open interest remains elevated and a leverage flush is still needed. Key levels cited are the 200-week moving average near $67,975, with $66,000 to $67,000 and $62,300 below it, resistance at $75,000, and a weekly close below $60,000 as the bearish invalidation line.

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