---
title: "Bitcoin Rebounds Above $75,000 Monday as Alan Flags Possible $67,755 Dip"
url: https://thecoingazette.com/bitcoin-rebounds-above-75000-monday-as-alan-flags-possible-67755-dip/
date: 2026-11-10
modified: 2026-11-10
lang: en
author: "Coin Gazette Editorial"
description: "Material Indicators co-founder Keith Alan pointed to Bitcoin’s 200-week simple moving average as a possible downside test and said the weekly view was starting to lean bullish."
categories:
  - "Bitcoin"
  - "Crypto News"
tags:
  - "Bitcoin"
  - "cryptocurrencies"
  - "Market Trends"
  - "News"
image: https://thecoingazette.com/wp-content/uploads/2026/11/bitcoin-coin-on-financial-desk-at-dawn-6af376e504bc3-1.png
word_count: 323
---

# Bitcoin Rebounds Above $75,000 Monday as Alan Flags Possible $67,755 Dip

Bitcoin recovered above $75,000 on Monday, November 9, after falling to approximately $73,500 during the previous session. The rebound coincided with a recovery in [U.S. technology stocks and declining oil prices](https://www.reuters.com/world/asia-pacific/global-markets-global-markets-2026-11-09/), although continued market volatility kept traders cautious.

[The Nasdaq Composite](https://apnews.com/article/wall-street-stocks-dow-nasdaq-f7ec9680fc858e3c2505913e7b3a54e2) gained approximately 2.7% on Monday, while the S&P 500 advanced 2.3%. Brent crude also declined nearly 5.9%, helping ease broader inflation concerns.

Despite the improvement in equity markets, Bitcoin's recovery remained fragile, with prices subsequently slipping below $75,000 again.

## Material Indicators Co-Founder Highlights $67,755 Downside Level

Keith Alan, co-founder of Material Indicators, identified Bitcoin's 200-week simple moving average (SMA), near $67,755, as a potential downside level if selling pressure returns.

According to the technical analysis reported by [Cointelegraph](https://cointelegraph.com/markets/bitcoin-stocks-nvidia-analyst-68k-target), Bitcoin was trading between its 21-week SMA at approximately $73,078 and its 50-week SMA near $75,492.

These levels have become important reference points for traders assessing whether Bitcoin can regain upward momentum or faces another period of weakness.

Alan also highlighted the role of broader market structure and relatively thin order books, which could leave Bitcoin vulnerable to further declines. However, he characterized a potential test of the 200-week average as possible rather than inevitable, noting that the weekly outlook was beginning to improve.

## Equity Recovery Provides Limited Relief

[Bitcoin](https://thecoingazette.com/bitcoin/)'s rebound coincided with a broader recovery across traditional financial markets.

U.S. stocks advanced as investors responded to falling oil prices and reassessed concerns surrounding technology-sector volatility. Lower energy prices also helped ease inflation-related concerns.

However, Bitcoin's inability to maintain its move above $75,000 suggests that improved sentiment in equity markets has not yet translated into a convincing cryptocurrency recovery.

Market participants are therefore watching whether Bitcoin can reclaim its 50-week moving average and establish stronger support above recent trading levels.

For now, the $67,755 region remains an important longer-term technical reference if selling pressure intensifies. Whether Bitcoin approaches that level will depend on broader market conditions, investor demand and the behaviour of leveraged traders.