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Analyst: If Bitcoin falls below $69,000, it may test $65,000 again.

BlockBeats news, November 14th, Bitcoin has now fallen back to approximately $68,500. Matt Mena, Senior Crypto Research Strategist at 21Shares, stated that if Bitcoin loses the $69,000 support, it may retest $65,000. For a sustained rebound, Bitcoin needs to first reclaim $70,000, then $74,000.

Mena believes that Bitcoin could still rebound to $87,000 and further rise above $90,000. He noted that historically, Bitcoin's average return in the fourth quarter exceeds 61%.

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On-Chain Activity

2h ago

BlackRock again transferred $145 million in BTC and $60.21 million in ETH to Coinbase Prime.

4h ago

A whale has cumulatively withdrawn $72.89 million worth of Bitcoin from Binance.

6h ago

F2Pool co-founder Wang Chun completes ETH swing trading, buying back 10,992 Ethereum worth $21.87 million in the past two days.

7h ago

Wintermute increased its short position by $18.26 million, bringing its total short position to $90.71 million.

24H Important News

2026-11-14

Analysis: Factors such as the Anthropic IPO squeezing liquidity, Jensen Huang's departure, and rising expectations of Federal Reserve rate hikes have led to a decline in Bitcoin.

Analyst: If Bitcoin falls below $69,000, it may test $65,000 again.

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