Bitcoin Could Rebound to $90K but Risks $65K Retest: 21shares Strategist

Bitcoin could recover toward $87,000 and eventually exceed $90,000, according to 21shares strategist Matt Mena. He linked the outlook to renewed buying after softer-than-expected producer inflation, while identifying support and resistance levels that would shape the recovery. Matt Mena, senior crypto research strategist at crypto investment product issuer 21shares, assessed bitcoin’s rebound in commentary supplied directly to Bitcoin.com News on Nov. 13. The 21shares research strategist described bitcoin as finding support around $69,000 and retesting $70,000 following the producer price index, or PPI, release. The index measures prices received by U.S. producers.