Bitcoin Rebounds Above $75,000 Monday as Alan Flags Possible $67,755 Dip

Bitcoin (BTC) moved back above $75,000 Monday, Nov. 9, after touching about $73,500 Sunday.

BTC/USD traded between its 21-week simple moving average (SMA) at $73,078 and its 50-week SMA at $75,492.

Keith Alan, co-founder of crypto trading platform Material Indicators, flagged a possible dip toward the 200-week SMA at $67,755. He said market structure and thin order books left room for lower prices before a breakout could be confirmed. “That test is possible, not inevitable — and it doesn’t have to happen this week. In fact, the weekly view is starting to lean bullish,” Alan said.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].