BTC is testing the 200-week moving average, and this weekend’s weekly close is crucial
Bitcoin briefly fell to around $67,000 today. According to BeInCrypto data, the price landed right around the 200-week simple moving average (approximately $67,922). In July this year, the same average caught a pullback, before the rally in August. So many people are watching to see whether it holds this time.
Here are a few key dates to keep an eye on:
1. This Sunday’s weekly close
If the weekly candle closes below the 200-week moving average, analysts see the next reference range at $66,000–$67,000, followed by around $62,300, a level that held twice this year.
2. November 30: MSCI index adjustment
MSCI will remove Strategy, the largest corporate holder of Bitcoin, from relevant indexes. Portfolio rebalancing by passive funds could bring additional volatility.
3. December 9: Fed rate decision
U.S. PPI was up 6.5% year over year in October, and market bets on a rate hike in December have risen above 80%. Macroeconomic pressures have yet to ease.
In addition, U.S. spot Bitcoin ETFs recorded net outflows for six consecutive trading days through November 12, totaling approximately $1.7 billion.
My take is that we’re now more in a “wait for events to unfold” phase, where technical levels and the macro calendar matter more than the news flow.
Do you think the 200-week moving average will hold this time?
#比特币 #BTC #200周均线 #美联储 #MarketAnalysis
Bitcoin briefly fell to around $67,000 today. According to BeInCrypto data, the price landed right around the 200-week simple moving average (approximately $67,922). In July this year, the same average caught a pullback, before the rally in August. So many people are watching to see whether it holds this time.
Here are a few key dates to keep an eye on:
1. This Sunday’s weekly close
If the weekly candle closes below the 200-week moving average, analysts see the next reference range at $66,000–$67,000, followed by around $62,300, a level that held twice this year.
2. November 30: MSCI index adjustment
MSCI will remove Strategy, the largest corporate holder of Bitcoin, from relevant indexes. Portfolio rebalancing by passive funds could bring additional volatility.
3. December 9: Fed rate decision
U.S. PPI was up 6.5% year over year in October, and market bets on a rate hike in December have risen above 80%. Macroeconomic pressures have yet to ease.
In addition, U.S. spot Bitcoin ETFs recorded net outflows for six consecutive trading days through November 12, totaling approximately $1.7 billion.
My take is that we’re now more in a “wait for events to unfold” phase, where technical levels and the macro calendar matter more than the news flow.
Do you think the 200-week moving average will hold this time?
#比特币 #BTC #200周均线 #美联储 #MarketAnalysis