Bitcoin, tech stocks brush off Nvidia nerves as analyst mulls $68K target

Bitcoin (BTC) returned above $75,000 after Monday’s Wall Street open as tech stocks rebounded.

Bitcoin bounced from 11-week lows of $73,500 on Monday as investors added tech-stock exposure.

Stock markets moved beyond controversy surrounding Nvidia CEO Jensen Huang, with the Nasdaq Composite Index gaining up to 2.6% on Monday.

BTC price analysis saw the potential for a dip toward the 200-week simple moving average trend line at $67,755.

Bitcoin, stocks shake off Nvidia jitters

Data from TradingView showed BTC/USD up 0.8%, having dipped as low as $73,500 on Sunday, a level not seen since Aug. 21.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

The weakness accompanied news that Nvidia CEO Jensen Huang may have been the target of a Chinese intelligence effort, a claim Beijing subsequently denied. 92.