🚨 $BTC DROPS BELOW $66K: WHAT'S HAPPENING (14 Nov)
Bitcoin is now ~$65.7K (-4% in 24h, -12% in 7 days), its weakest level since August.
Why it's falling:
• Fed rate hike bets + stronger USD
• Continued ETF outflows
• ~$1.2-1.6B liquidated in 24h, mostly longs (83-95%)
Key data:
• Price is below the 200-week MA (~$67,992)
• Daily RSI ~23 (deeply oversold)
• Liquidation clusters still sit above at $72K-$78K
Levels:
Resistance: $67,992 → $72K
Support: $65K → $60K
Scenarios:
🟢 Reclaim $67,992 = first sign of a bounce
🔴 Lose $65K = $60K support comes into play
Oversold can stay oversold. Wait for confirmation.
$BTC
Bitcoin is now ~$65.7K (-4% in 24h, -12% in 7 days), its weakest level since August.
Why it's falling:
• Fed rate hike bets + stronger USD
• Continued ETF outflows
• ~$1.2-1.6B liquidated in 24h, mostly longs (83-95%)
Key data:
• Price is below the 200-week MA (~$67,992)
• Daily RSI ~23 (deeply oversold)
• Liquidation clusters still sit above at $72K-$78K
Levels:
Resistance: $67,992 → $72K
Support: $65K → $60K
Scenarios:
🟢 Reclaim $67,992 = first sign of a bounce
🔴 Lose $65K = $60K support comes into play
Oversold can stay oversold. Wait for confirmation.
$BTC
