Bitcoin Falls Below $68,000: Lowest Level Since August

As selling pressure increases in cryptocurrency markets, Bitcoin has dropped below the $68,000 level, hitting its lowest point since August. The depreciation since the beginning of October has exceeded 20%. The sharp decline was influenced by AI company Anthropic's $64.4 billion IPO plan and fluctuations in the technology sector. These developments reduced risk appetite and triggered selling in crypto assets. Following the sharp drop, investors are focused on whether Bitcoin will resume its upward trend. Uncertainty in the market will determine the direction of price movements in the coming period. Not investment advice.

📊 BTC — Piyasa Yorumu

▼ down · 55%

BTC has dropped to $67,282, falling below $68,000 and reaching its lowest level since August; this news confirms the current weak technical picture. Although the RSI has approached the oversold zone at 30, there is no reversal signal yet. MACD is negative and below the signal line, and the price is trading below SMA20 and SMA50; the short-term trend is downward. The 24-hour decline of -2.38% shows that selling pressure continues. Nevertheless, relief buying may be seen due to oversold conditions; therefore, I am keeping the confidence level at medium.

RSI 14

30.0

MACD

-803.76

24h Δ

-2.38%

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