Bitcoin Loses Key 200-Day Average: Is $67,000 Next? Jakub Dziadkowiec Thu, November 12, 2026 at 3:53 PM EST 2 min read BTC-USD -3.87% GC=F -3.03% DX-Y.NYB +0.26% Trade BTC on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Bitcoin price fell below its 200-day moving average of $73,137 on Thursday. It's one of the most closely watched indicators in crypto because it helps investors understand whether Bitcoin's long-term price trend is strengthening or weakening.
BTC currently trades at around $71,000, nearly 3% below that critical level. If Bitcoin fails to reclaim that level, the largest cryptocurrency could fall towards $67,000, erasing all of its gains since August.
The market now widely expects an interest rate hike in December from the Federal Reserve. The latest CPI data suggested inflation is hotter than expected, which leaves no room for a rate pause.
Meanwhile, the 10-year Treasury yield returned to roughly 5%, and the dollar index neared a 19-month high, per Kitco.
US spot Bitcoin ETFs lost $299.8 million on Wednesday, extending five days of outflows. BlackRock's IBIT accounted for most of the exit.
Separately, index provider MSCI confirmed it will remove Strategy (MSTR), the Bitcoin treasury firm, from two US indexes.
Spot selling then accelerated once BTC lost $72,000, analyst Ted Pillows noted.
Bitcoin is on track to close below its 200-day moving average, a key indicator investors use to judge the market's long-term direction. Falling below it suggests the market is weakening and further losses are possible.
If selling continues, Bitcoin could fall toward $68,000, followed by $67,000. To regain momentum, BTC first needs to recover above its 200-day average. The next major obstacle is $75,000.
There is some hope for buyers. Bitcoin's Relative Strength Index (RSI), which measures buying and selling momentum, has fallen to 30. This suggests Bitcoin may be oversold and due for a rebound.
A similar reading on June 30 marked a market bottom. However, earlier in June, Bitcoin continued falling despite showing the same warning signs.
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.
Read the Original story Bitcoin Loses Key 200-Day Average: Is $67,000 Next? by Jakub Dziadkowiec at beincrypto.com
