Bitcoin (BTC) was below $75,000 Tuesday after Monday spot readings crossed that level, while Material Indicators co-founder Keith Alan described a $67,755 long-term average as a possible downside level.
As of 18:09 UTC Tuesday, Bitcoin (BTC) was $73,315, down 1.98% over 24 hours. That reading was $1,685 below $75,000 and $1,839 below Monday’s later spot quote of $75,154.
An EconoTimes check on Binance recorded BTC at $74,670 at 10:06 a.m. ET (15:06 UTC) Nov. 9 and $75,154 at 10:21 a.m. ET (15:21 UTC), according to the outlet’s earlier spot report. The two observations, 15 minutes apart, put the price on opposite sides of $75,000. They show it crossed the mark during that window but do not establish the exact time.
BTC/USD was also reported between its 21-week simple moving average at $73,078 and its 50-week average at $75,492. Tuesday’s live quote was above the lower of those two levels and below the upper one. The $67,755 figure Alan discussed is a separate, lower reference point on the 200-week average.
Material Indicators co-founder Keith Alan said weakness in the broader market setup and limited order-book liquidity could keep downward pressure in place until a breakout is established. He characterized a test of the 200-week average as one scenario and said it need not occur this week. He also described the weekly chart as improving.
