BTC fell below $68,000, and X erupted: some people are saying we’ll never see another Bitcoin high in their lifetime.
On November 13, BTC fell below $68,000, hitting a 24-hour low of $67,000—down more than 46% from its all-time high of $126,080 on October 6, 2025.
Here are a few key figures:
The 200-week moving average is around $67,900, and the price has slipped below it. The daily RSI is 22.96, in oversold territory;
The Fear & Greed Index is at 13, indicating extreme fear;
Spot $BTC ETFs saw $185.4 million in net outflows on November 13, marking a seventh consecutive day of outflows.
The debate boils down to one question: will we see new highs again?
Bearish Analyst Z says high interest rates and capital flowing elsewhere mean new highs are off the table. Bullish The Crypto Monk fired back, saying posts like these always show up at the bottom, and that we’ll see a new high next. Michaël van de Poppe thinks a bottom could form within a day or two. Merlijn plans to buy around $68,000, but will admit he’s wrong if the weekly close falls below $60,000. Bernstein’s August forecast is still on the table: a base-case price of $150,000 by mid-2027. A CryptoQuant analyst added that this cycle’s roughly 19% drawdown has already exceeded the average bull-market correction of 14.39%.
This whale’s take: arguing about new highs is itself a gauge of market sentiment. One side is saying goodbye to new highs forever, while the other calls these bottom-of-the-market posts—signs that disagreement has reached an extreme. Technically, the market is oversold, so a short-term bounce could come at any moment. But consecutive ETF outflows show that institutions haven’t come back yet. Think of it in three levels: reclaiming $75,000 would signal a return to strength; holding the $66,000–$67,000 range would mean the market is still forming a bottom; and if the weekly candle doesn’t close back above $68,000 on Sunday, it’s too soon to get carried away with optimism.
On November 13, BTC fell below $68,000, hitting a 24-hour low of $67,000—down more than 46% from its all-time high of $126,080 on October 6, 2025.
Here are a few key figures:
The 200-week moving average is around $67,900, and the price has slipped below it. The daily RSI is 22.96, in oversold territory;
The Fear & Greed Index is at 13, indicating extreme fear;
Spot $BTC ETFs saw $185.4 million in net outflows on November 13, marking a seventh consecutive day of outflows.
The debate boils down to one question: will we see new highs again?
Bearish Analyst Z says high interest rates and capital flowing elsewhere mean new highs are off the table. Bullish The Crypto Monk fired back, saying posts like these always show up at the bottom, and that we’ll see a new high next. Michaël van de Poppe thinks a bottom could form within a day or two. Merlijn plans to buy around $68,000, but will admit he’s wrong if the weekly close falls below $60,000. Bernstein’s August forecast is still on the table: a base-case price of $150,000 by mid-2027. A CryptoQuant analyst added that this cycle’s roughly 19% drawdown has already exceeded the average bull-market correction of 14.39%.
This whale’s take: arguing about new highs is itself a gauge of market sentiment. One side is saying goodbye to new highs forever, while the other calls these bottom-of-the-market posts—signs that disagreement has reached an extreme. Technically, the market is oversold, so a short-term bounce could come at any moment. But consecutive ETF outflows show that institutions haven’t come back yet. Think of it in three levels: reclaiming $75,000 would signal a return to strength; holding the $66,000–$67,000 range would mean the market is still forming a bottom; and if the weekly candle doesn’t close back above $68,000 on Sunday, it’s too soon to get carried away with optimism.
