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

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%.