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

BTC fell below $68,000, dropping to its lowest level since August, indicating that selling pressure continues in the short term. The price is trading below the SMA20 and SMA50, confirming that the trend is downward. The RSI is at 32 and close to oversold territory, which raises the possibility of a limited rebound but is not by itself a reversal signal. The MACD is in negative territory and below the signal line, and momentum is weak. Because the news headline confirms the decline, the downward bias stands out in the short term, but given oversold conditions, expectations of a sharp drop should not be exaggerated.

Bitcoin's decline below $68,000 creates direct negative pressure on crypto-related stocks such as Coinbase. Technical indicators are already weak: the price is below the SMA20 and SMA50, and the MACD is in negative territory and below the signal line. The RSI is at 36, close to oversold territory but without a reversal signal yet. In the short term, selling pressure is likely to continue and the $125 level may be tested; however, with the RSI low, rebound buying could be seen.