Bitcoin falls through key moving average, potentially sliding toward $67,000

On Thursday, bitcoin’s price slipped under its 200-day moving average of $73,137, a closely watched metric used to assess whether the cryptocurrency’s long-term direction is gaining or losing momentum.

At roughly $71,000, bitcoin is trading nearly 3% below the 200-day threshold. Should it fail to recapture the level, the token risks sliding toward $67,000, wiping out all progress made since August.

Financial Markets Expect Fed Rate Hike in December

Financial markets are pricing in a rate increase from the US central bank at its December meeting. Recent CPI figures show inflation running above forecasts, leaving no space for the Fed to pause on tightening.

Meanwhile, the 10-year Treasury yield has climbed back to about 5%, while the dollar index approached a 19-month peak, according to Kitco.

Precious metals benchmarked lower as well, with gold and silver each losing more than 2% of their value.

Are Bitcoin Investors Exiting?

Spot bitcoin exchange-traded funds in the US shed $299.8 million on Wednesday, marking a fifth consecutive day of capital flight. BlackRock’s IBIT fund made up the bulk of the withdrawals.

Index provider MSCI, meanwhile, confirmed it will remove Strategy (MSTR), the corporate bitcoin holder, from two US equity benchmarks.

According to analyst Ted Pillows, spot-market selling picked up speed once bitcoin gave up the $72,000 level.

Aggressive $BTC selling across all exchanges now.

This looks really bad.

— Ted (@TedPillows), November 12, 2026

The Path Ahead for Bitcoin

Bitcoin looks set to settle under the 200-day moving average, a signal widely read as a bearish turn for the broader market and a harbinger of additional downside.

Should the sell-off persist, bitcoin could decline toward $68,000 and then $67,000. For the market to shift direction, BTC must first climb back above the 200-day mark, with $75,000 representing the next significant ceiling.

Still, there are glimmers of support. Bitcoin’s Relative Strength Index (RSI), a gauge of buying and selling pressure, has dipped to 30, suggesting the asset may be oversold and set for a rebound.

A comparable RSI reading on June 30 marked a market bottom, although a similar signal earlier that month failed to halt the decline.

Analyst’s takeaway: Bitcoin is showing signs of weakness, but a short-term recovery remains possible. The $67,000–$68,000 range is the next key area to watch if prices keep falling.