Crypto Market Turbulence: Bitcoin Sees Sharp Decline

The cryptocurrency Bitcoin has shown weakness in recent trading sessions, with its price falling to $66,500. According to traders, it has not only dropped below its 200-day moving average but also lost its average levels for the same period over the past year. Analysts believe this development could signal the possibility of further declines in the near term.

However, experts suggest that the drop in Bitcoin’s value is not solely due to investor panic. While the breach of key support levels calls for caution, they note that underlying demand remains strong, which could support a potential recovery. There is still a possibility that Bitcoin may rebound to around $68,000 in the coming week.

Meanwhile, fluctuations in Bitcoin prices are being attributed to global economic conditions and ongoing geopolitical tensions in West Asia. It is worth noting that Bitcoin had previously reached a record high of $126,272 on October 6, 2025.