Bitcoin slides toward $68K as traders turn sour
Bitcoin has fallen for several weeks, breaking below its yearly rolling VWAP, with traders mocking earlier bullish calls.
Confirmed
- Bitcoin has fallen for several weeks
- Bitcoin has broken below its yearly rolling VWAP
Not yet known
- Whether bitcoin will fall toward $68K, as the decline continues
- Unconfirmed: whether major cryptocurrencies dropped another 20% in recent days
- Whether the weekly close below the yearly VWAP will hold
What we know
A trader notes a weekly close below the yearly VWAP, and another post charts bullish calls decaying from 87K to 68K. One trader says majors dropped another 20% after influencers called a generational entry, and another advises closing the screens for a few days. A contrarian says to buy now and sell in two years, and one trader is considering a ZEC short as a hedge for a BTC long.
Will Bitcoin dip to $55,000 by December 31, 2026?
Traders' bets on Polymarket, not a forecast by Global Eye 24. Polymarket · $8.0m traded · updated 21:51 UTC
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“68K BTC → "risk management is key"”
View post →“Weekly close below yearly rvwap”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.