$BTC (BTC) - LATEST ANALYSIS - 7 Nov 2026*
*Price:* Around $76,007 - $76,100
Bias:* Bearish to Sideways
- *Support:* $75,775 - $75,000 (Most Important Level)
- *Resistance:* $78,500 - $79,374 (20-Day Average)
- *Next Support if Break:* $73,400 - $73,000
*What is Happening?*
$BTC made a big 5.5% dump on Thursday from $80,100 to $75,700. Now price is sitting just above its 50-Week MA at $75,580. This level has been holding for 7 weeks. If this week's close stays above it, the 8th week will also be safe.
Money is flowing out of ETFs - In November alone, ∼$1.28 Billion outflow has happened, only 1 day was positive. That is why the recovery is weak.
#Trade Plan:*
- Hold above $75,775 = Bounce possible towards $78,500
- Daily close below $75,775 = Downside opens towards $73,400 and $68,000
*Note:* This is educational analysis only, not financial advice. Trade with proper risk management.
*Price:* Around $76,007 - $76,100
Bias:* Bearish to Sideways
- *Support:* $75,775 - $75,000 (Most Important Level)
- *Resistance:* $78,500 - $79,374 (20-Day Average)
- *Next Support if Break:* $73,400 - $73,000
*What is Happening?*
$BTC made a big 5.5% dump on Thursday from $80,100 to $75,700. Now price is sitting just above its 50-Week MA at $75,580. This level has been holding for 7 weeks. If this week's close stays above it, the 8th week will also be safe.
Money is flowing out of ETFs - In November alone, ∼$1.28 Billion outflow has happened, only 1 day was positive. That is why the recovery is weak.
#Trade Plan:*
- Hold above $75,775 = Bounce possible towards $78,500
- Daily close below $75,775 = Downside opens towards $73,400 and $68,000
*Note:* This is educational analysis only, not financial advice. Trade with proper risk management.
