Bitcoin Price Slips Below $68,000 as Investors Worry About Six-Month Bearish Streak

Bitcoin's price has been under pressure for weeks, leading investors to question if this is just another ugly week or a deeper losing streak.

The world's largest cryptocurrency slipped back below $68,000 late last week and briefly fell to about $65,112 on March 30 before recovering above $67,000 as Asian trading picked up.

However, the rebound has not erased the larger concern that the market is fixated on whether March will close weak enough to extend an already unusual run of monthly declines.

According to analysts, Bitcoin's intraday swings are dramatic, but the bigger signal now is the monthly trend. The fact that Bitcoin spent much of the past several weeks trading under pressure suggests that the market is still vulnerable to further weakness.