$BTC (BTC) - LATEST ANALYSIS - 11 Nov 2026*
*Price:* Around $73,829
*Bias:* Bearish
- *Support:* $72,727 - $72,101 (200-Day MA - Last Defense)
- *Resistance:* $74,488 - $75,000 (First Recovery Test)
- *RSI:* 33-35 - Near Oversold
*What is Happening?*
Hot October CPI came at 0.4% vs 0.3% expected - December Fed hike is now fully priced, even 50bp is being discussed by Waller. $BTC hit 11-week low of $72,727 on Monday.
ETF outflows continue - $95M on Tuesday, $296M this week so far. BlackRock IBIT has 7 straight sessions of outflows totaling $1.66 Billion. No dip-buying from institutions.
BTC is below 50-Day, 100-Day and 200-Day EMA. Daily downtrend since 8 Oct.
#tradenell Plan:*
- Reclaim $75,000 = Bounce possible towards $76,412 (200 EMA) then $77,487
- Hold above $72,727 = Sideways, wait for Friday #PPIUpdate
- Daily close below $72,727 = Downside opens towards $69,000 then $67,478
*Note:* Educational analysis only, not financial advice. Trade with proper risk management.
#BitcoinFiveWeeklyLosses #BTC☀
*Price:* Around $73,829
*Bias:* Bearish
- *Support:* $72,727 - $72,101 (200-Day MA - Last Defense)
- *Resistance:* $74,488 - $75,000 (First Recovery Test)
- *RSI:* 33-35 - Near Oversold
*What is Happening?*
Hot October CPI came at 0.4% vs 0.3% expected - December Fed hike is now fully priced, even 50bp is being discussed by Waller. $BTC hit 11-week low of $72,727 on Monday.
ETF outflows continue - $95M on Tuesday, $296M this week so far. BlackRock IBIT has 7 straight sessions of outflows totaling $1.66 Billion. No dip-buying from institutions.
BTC is below 50-Day, 100-Day and 200-Day EMA. Daily downtrend since 8 Oct.
#tradenell Plan:*
- Reclaim $75,000 = Bounce possible towards $76,412 (200 EMA) then $77,487
- Hold above $72,727 = Sideways, wait for Friday #PPIUpdate
- Daily close below $72,727 = Downside opens towards $69,000 then $67,478
*Note:* Educational analysis only, not financial advice. Trade with proper risk management.
#BitcoinFiveWeeklyLosses #BTC☀
