Bitcoin rally stalls at $68,000 amid summer slump, analysts warn

The Bitcoin rally has surged ↑ 15% since its July trough, yet the market’s next leg hinges on breaching the $68,000 barrier where recent entrants may unload.

Bitcoin rally tests $68,000 resistance

Analysts from Reuters note that summer trading lull is dampening momentum, while Bloomberg points to tightening order books.

“If buyers cannot hold above $68,000, we could see a swift correction,” said a senior trader at a major exchange.

The risk of a pullback grows as volume contracts, but support remains near the $66,500 level, according to on‑chain data.