Bitcoin fluctuated after posting its fourth consecutive weekly loss, with the cryptocurrency struggling to find clear direction as a weekend rally fizzled.<\/p>\n
The largest digital token ended Sunday down 2.6% for the week, erasing a small bounce that briefly took it close to $71 000 on Saturday. Bitcoin edged 0.2% higher to $68 955 as of 9:45 a.m. in London on Monday. Ether, the second-largest cryptocurrency, was up slightly at $1 988.<\/p>\n
Bitcoin has dropped more than 40% from its all-time peak near $127 000 in October, struggling to latch onto rallies in gold or equities. The broader crypto market has lost almost $2 trillion in value over the same period, according to data from CoinGecko.<\/p>\n
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The token\u2019s recent weakness has led some analysts to question whether prices have found a floor.<\/p>\n
\u201cThe big question on everyone\u2019s mind is whether crypto has bottomed out or if there\u2019s still more downside on the horizon,\u201d Greg Magadini, director of derivatives at Amberdata, wrote in a note. Sentiment around digital-asset treasury holdings and money flowing into or out of spot Bitcoin exchange-traded funds will be key indicators to watch, he said.<\/p>\n
October selloff<\/span><\/h3>\nBitcoin\u2019s slide was kickstarted by a major selloff on Oct. 10, when billions of dollars in crypto bets were liquidated. Since then, investors have withdrawn more than $8.4 billion from US-listed spot Bitcoin ETFs, according to data compiled by Bloomberg.<\/p>\n
Adding to the cautious mood, Standard Chartered \u2014 whose analysts are typically bullish on the token\u2019s prospects \u2014 last week cut its forecast for Bitcoin\u2019s price at the end of 2026 by a third. The bank anticipated Bitcoin could slide further to $50 000, before recovering to end the year around $100 000. That\u2019s down from a prior projection of $150 000.<\/p>\n
Still, some analysts say the technical picture leaves room for a rebound.<\/p>\n
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\u201cAs long as Bitcoin holds above the 200-week moving average at $58 239 \u2014 a level it successfully defended two weeks ago \u2014 there remains scope for a recovery toward initial resistance at $73 000 to $75 000,\u201d said Tony Sycamore, an analyst at IG Australia.<\/p>\n
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\u00a9 2026 Bloomberg<\/p>\n
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\u201cAs long as Bitcoin holds above the 200-week moving average at $58 239 \u2014 a level it successfully defended two weeks ago \u2014 there remains scope for a recovery toward initial resistance at $73 000 to $75 000,\u201d said Tony Sycamore, an analyst at IG Australia.<\/p>\n
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\u00a9 2026 Bloomberg<\/p>\n
Follow Moneyweb\u2019s in-depth finance and business news on WhatsApp here.<\/em><\/p>\n<\/p><\/div>\n