On November 13, #比特币 briefly fell to around $67,000 before rebounding to $68,143. However, compared with its high of $81,000 at the start of the month, it is down about 16% and has performed weakly for ten consecutive trading days.
A historical price-pattern comparison study found that Bitcoin's current decline closely resembles its decline in June 2024, with a similarity error of just 5.51. Bitcoin also fell for several consecutive days in 2024 before rebounding from around $60,000 to near $70,000. However, its price then dropped sharply again, showing that a similar pattern does not necessarily mean an immediate reversal.
Key support levels and market sentiment
Bitcoin's key support level is currently $67,136. If it falls below that level, the next price to watch is $65,620.
Meanwhile, the RSI has dropped to 24.35, entering oversold territory, and the Fear and Greed Index is just 13, indicating extremely pessimistic market sentiment.
A historical price-pattern comparison study found that Bitcoin's current decline closely resembles its decline in June 2024, with a similarity error of just 5.51. Bitcoin also fell for several consecutive days in 2024 before rebounding from around $60,000 to near $70,000. However, its price then dropped sharply again, showing that a similar pattern does not necessarily mean an immediate reversal.
Key support levels and market sentiment
Bitcoin's key support level is currently $67,136. If it falls below that level, the next price to watch is $65,620.
Meanwhile, the RSI has dropped to 24.35, entering oversold territory, and the Fear and Greed Index is just 13, indicating extremely pessimistic market sentiment.
