Bitcoin slips to $68,500 as 21Shares strategist maps out key price tests

Matt Mena warns a break below $69,000 could open the door to $65,000, while bulls need $70,000 and $74,000 back Bitcoin traded around $68,500 in its latest session, sliding below the $70,000 to $75,000 range it held in prior sessions. Matt Mena, a senior crypto research strategist at 21Shares, said a sustained drop below $69,000 could potentially trigger a test of support at $65,000. For a real recovery, he said, Bitcoin would need to reclaim $70,000 first, then $74,000. The selling pushed Bitcoin’s intraday lows to somewhere between $67,500 and $68,000.