Matt Mena Sees Possible $65,000 Bitcoin Retest After Nov. 14 Drop Below $69,000

Bitcoin (BTC) was about $68,500 on Nov. 14, below the $69,000 threshold 21Shares senior crypto research strategist Matt Mena identified before a possible retest of $65,000.

Mena said a sustained rebound would require Bitcoin to regain $70,000 and then move above $74,000. Those levels mark sequential steps in his rebound outlook, while $65,000 is a possible downside test.

Mena also outlined a possible recovery to $87,000 and a move above $90,000. He cited Bitcoin’s historical average fourth-quarter return of more than 61% as context for that upside scenario.

The reported price places Bitcoin below Mena’s $69,000 threshold at the time of the Nov. 14 snapshot. His outlook also includes higher price levels, with $70,000 and $74,000 as rebound markers before the possible moves to $87,000 and above $90,000.