Bitcoin reclaimed it just two days ago, then lost it yesterday—the 200-day moving average held for only a day and a half.
On November 12, BTC fell below the 200-day moving average at around $73,100, closing at $72,884. It lost all three moving averages: the 20-day, 50-day, and 200-day. The decline continued during today’s Asian session. $BTC is currently around $69,157, with an intraday low of $67,568, down about 5.9% on the day. The RSI is around 29, putting it in oversold territory.
Many institutions view this line as the dividing point between a bull and bear market. BTC closed above $73,100 on the 11th, but broke below it in a single trading session on the 12th. That suggests this isn’t just a technical pullback—the broader appetite for risk is retreating. Three factors are piling up: NVIDIA’s chief resigning, five straight days of ETF outflows totaling $1.44 billion, and the probability of a December rate hike rising to 90%. With all three happening at once, buyers simply don’t dare step in.
My take: oversold doesn’t mean the bottom is in. With the 200-day moving average turning from support into resistance, any rally should be viewed as an oversold bounce unless BTC can reclaim and hold above $73,100. If the decline continues, the $65,000–$67,000 area is the next zone to watch. The U.S. October PPI will be released tonight at 21:30, with the headline figure expected to rise 0.4% month over month. If it comes in hotter than expected, this moving average may remain out of reach in the near term.
Data as of: 2026-11-13 07:18 UTC
For informational purposes only; this does not constitute investment advice.
On November 12, BTC fell below the 200-day moving average at around $73,100, closing at $72,884. It lost all three moving averages: the 20-day, 50-day, and 200-day. The decline continued during today’s Asian session. $BTC is currently around $69,157, with an intraday low of $67,568, down about 5.9% on the day. The RSI is around 29, putting it in oversold territory.
Many institutions view this line as the dividing point between a bull and bear market. BTC closed above $73,100 on the 11th, but broke below it in a single trading session on the 12th. That suggests this isn’t just a technical pullback—the broader appetite for risk is retreating. Three factors are piling up: NVIDIA’s chief resigning, five straight days of ETF outflows totaling $1.44 billion, and the probability of a December rate hike rising to 90%. With all three happening at once, buyers simply don’t dare step in.
My take: oversold doesn’t mean the bottom is in. With the 200-day moving average turning from support into resistance, any rally should be viewed as an oversold bounce unless BTC can reclaim and hold above $73,100. If the decline continues, the $65,000–$67,000 area is the next zone to watch. The U.S. October PPI will be released tonight at 21:30, with the headline figure expected to rise 0.4% month over month. If it comes in hotter than expected, this moving average may remain out of reach in the near term.
Data as of: 2026-11-13 07:18 UTC
For informational purposes only; this does not constitute investment advice.
