$68K Level Decides Next Move

BTC price traded around $65,412 as CryptoQuant data showed six straight months of weak network activity. Meanwhile, a 4 hour range map pinned $66,590 and $68,000 as the key reclaim levels that could reset near-term direction.

Bitcoin Network Activity Stays Weak for Six Months, CryptoQuant Data Shows

Bitcoin’s network activity hit its lowest level for six consecutive months, according to CryptoQuant, as onchain participation stayed weak while price moved through a choppy pullback into early 2026.

Active Addresses Momentum. Source: CryptoQuant

CryptoQuant and analyst @gaah_im shared a chart titled “Active Addresses Momentum,” which tracks changes in active addresses over time. The indicator stayed below zero from mid-2025 through the latest reading. Red bars mark low activity, while green bars mark stronger participation. The chart overlays Bitcoin’s price as a white line.

The data shows brief rebounds in activity that failed to hold. Instead, negative readings deepened into early 2026, including two highlighted troughs that followed major price swings. Bitcoin traded near the $68,000 area on the right edge of the chart, after topping above the $100,000 region earlier in the cycle.

In the post, CryptoQuant compared the current pattern to 2024, when a similar stretch of weak network activity preceded a roughly 30% Bitcoin correction. The note described the historical move as context rather than a forecast.

Bitcoin Tests Range Lows as Analyst Maps $66,590 and $68,000 Triggers

Bitcoin traded near the lower edge of its recent range on the 4 hour BTCUSDT chart on Binance, as trader Lennaert Snyder said price was “testing the range extremes” and nearing levels that could decide the next directional move.

BTCUSDT 4 hour range map. Source: Lennaert Snyder on X

In a post on X, Snyder said he wanted to see a market structure break before taking a long position. On the 4 hour view, he defined that break as reclaiming the $66,590 swing high. He added that the more important level to flip bullish sat near $68,000, which he described as the range point of control.

The chart highlights a nearby resistance band around $71,422 and a higher liquidity level around $76,971 as upside references if price regains $68,000. Snyder wrote that a move back above $68,000 would “trigger longs” toward those levels, while also making the area a potential short zone if price confirms rejection after a reclaim.

On the downside, he said a sweep and rejection of the $66,590 high could set up shorts targeting fresh weekly lows. The chart’s projected paths show both scenarios, with one route stepping higher through resistance and another turning lower after a failed reclaim.