Hey folks!! This morning’s low was still around $66,900, and now it’s dipped another notch—on Binance futures, the 24-hour low has already reached around $66,600!!!
What stings even more is this: CoinDesk wrote yesterday (November 13) that Bitcoin dipped to around $67,700 intraday, already falling below its 200-week moving average at around $68,000. Cointelegraph, citing TradingView figures on the same day, said this 200-week moving average was around $67,993—the first time it had revisited this level since around August 19~
It still hasn’t recovered today!!! I just checked CoinGecko: Bitcoin is around $66,800, still hovering below this level. BeInCrypto also focused on this today (November 14): this 200-week moving average is around $67,922, with the price below it. If this week’s candle closes below this level on Sunday, it may have to look for support further down. Their next range is around $66,000 to $67,000—in other words, we’re already testing that range right now haha.
Just a heads-up: different platforms may calculate the moving average a little differently, and this doesn’t confirm that a crash is underway!!! But many people see this level as the dividing line for the long-term trend. U.S. stocks are closed for the weekend, but crypto keeps trading, and the weekly candle hasn’t closed yet, so don’t rush to declare that “the bottom is in” just yet~
I just checked CoinGecko: Bitcoin is around $66,800, down about 3.1% over 24 hours, about 12% over the past week, and even more sharply—around 18%—over the past month. Binance futures’ 24-hour low dipped to around $66,600, another notch below this morning’s $66,900. ETH is around $1,885, down about 2.7% in a day, with Binance’s low still around $1,875. BNB is around $615, SOL around $75. XRP has fallen back below $1, to around $0.99. The total market cap is around $2.28 trillion, down about 5.0% in a day. The Fear and Greed Index is still at 13: extreme fear~
Honestly, don’t assume that “it’s the weekend and nobody’s around, so we’ll get a bounce” means the $68,000 level has already held!!! The weekly candle hasn’t closed, rate-hike expectations are still around, and Nvidia reports earnings next Tuesday. Until real buying comes back, don’t go piling into leveraged positions.
Do you think Sunday’s weekly candle can close back above $68,000, or will we dip a little further?
$BTC $ETH
#币圈 #Bitcoin
What stings even more is this: CoinDesk wrote yesterday (November 13) that Bitcoin dipped to around $67,700 intraday, already falling below its 200-week moving average at around $68,000. Cointelegraph, citing TradingView figures on the same day, said this 200-week moving average was around $67,993—the first time it had revisited this level since around August 19~
It still hasn’t recovered today!!! I just checked CoinGecko: Bitcoin is around $66,800, still hovering below this level. BeInCrypto also focused on this today (November 14): this 200-week moving average is around $67,922, with the price below it. If this week’s candle closes below this level on Sunday, it may have to look for support further down. Their next range is around $66,000 to $67,000—in other words, we’re already testing that range right now haha.
Just a heads-up: different platforms may calculate the moving average a little differently, and this doesn’t confirm that a crash is underway!!! But many people see this level as the dividing line for the long-term trend. U.S. stocks are closed for the weekend, but crypto keeps trading, and the weekly candle hasn’t closed yet, so don’t rush to declare that “the bottom is in” just yet~
I just checked CoinGecko: Bitcoin is around $66,800, down about 3.1% over 24 hours, about 12% over the past week, and even more sharply—around 18%—over the past month. Binance futures’ 24-hour low dipped to around $66,600, another notch below this morning’s $66,900. ETH is around $1,885, down about 2.7% in a day, with Binance’s low still around $1,875. BNB is around $615, SOL around $75. XRP has fallen back below $1, to around $0.99. The total market cap is around $2.28 trillion, down about 5.0% in a day. The Fear and Greed Index is still at 13: extreme fear~
Honestly, don’t assume that “it’s the weekend and nobody’s around, so we’ll get a bounce” means the $68,000 level has already held!!! The weekly candle hasn’t closed, rate-hike expectations are still around, and Nvidia reports earnings next Tuesday. Until real buying comes back, don’t go piling into leveraged positions.
Do you think Sunday’s weekly candle can close back above $68,000, or will we dip a little further?
$BTC $ETH
#币圈 #Bitcoin