In seven days, Bitcoin has shed a tenth of its value.
Bitcoin closed at $75,844 on November 6 and $68,258 on November 13, a 10.0% drop in seven days. Of the eight daily candles, five closed lower, with closing prices trending steadily downward. Yesterday alone, it fell 4.48%.
It’s still falling today: $BTC is currently at $68,261, down 4.56% in 24 hours, after touching a low of $67,568 overnight. $ETH is at $1,923, down 4.58%, back below $2,000. BNB is at $630, SOL at $78.23, and ZEC touched an intraday low of $880.50.
That’s a pullback of about 46% from the October 6 high of $126,223.
The next point to watch: where this week’s candle closes tonight. Around $68,000 is the 200-week moving average. With thin weekend liquidity, will the price test the $67,568 low again? This is not investment advice.
Bitcoin closed at $75,844 on November 6 and $68,258 on November 13, a 10.0% drop in seven days. Of the eight daily candles, five closed lower, with closing prices trending steadily downward. Yesterday alone, it fell 4.48%.
It’s still falling today: $BTC is currently at $68,261, down 4.56% in 24 hours, after touching a low of $67,568 overnight. $ETH is at $1,923, down 4.58%, back below $2,000. BNB is at $630, SOL at $78.23, and ZEC touched an intraday low of $880.50.
That’s a pullback of about 46% from the October 6 high of $126,223.
The next point to watch: where this week’s candle closes tonight. Around $68,000 is the 200-week moving average. With thin weekend liquidity, will the price test the $67,568 low again? This is not investment advice.
