📉 BTC heads for its 6th consecutive down week — $62,000 support tested
Bitcoin is around $65,500 after hitting a 3-month low of $62,006. BTC is down more than 12% from $74,740 last weekend — its 6th consecutive down week.
🔻 Support: $62,000 → $60,000; Glassnode warns that the $59,500–62,600 zone has a high concentration of long positions.
🔺 Resistance: $67,300–67,500, then $68,000 (the 200-week average).
Daily RSI ~22 (deeply oversold), Fear & Greed still at 10. Market-wide liquidations ~$1.95 billion/24h, of which $1.67 billion were long positions. U.S. Bitcoin ETFs saw net outflows for 7 consecutive sessions, with $1.07 billion withdrawn over the past week.
The Fed’s Financial Stability Report (Nov. 13) warned that asset valuations are “elevated,” with the biggest risks being a correction in risky assets, long-term interest rates, and public debt.
💥 Biggest drop today: $BTW −18.58% to ~$0.63, losing nearly half its value in 7 days — despite no project-specific news.
Next week, watch for Fed Chair Warsh’s speech (Nov. 16) and Nvidia earnings (Nov. 17). Do you think $62,000 will hold, or will BTC test $60,000?
#Bitcoin #BTC #CryptoNews #BitcoinVietnam
📌 This is market information, not investment advice.
Bitcoin is around $65,500 after hitting a 3-month low of $62,006. BTC is down more than 12% from $74,740 last weekend — its 6th consecutive down week.
🔻 Support: $62,000 → $60,000; Glassnode warns that the $59,500–62,600 zone has a high concentration of long positions.
🔺 Resistance: $67,300–67,500, then $68,000 (the 200-week average).
Daily RSI ~22 (deeply oversold), Fear & Greed still at 10. Market-wide liquidations ~$1.95 billion/24h, of which $1.67 billion were long positions. U.S. Bitcoin ETFs saw net outflows for 7 consecutive sessions, with $1.07 billion withdrawn over the past week.
The Fed’s Financial Stability Report (Nov. 13) warned that asset valuations are “elevated,” with the biggest risks being a correction in risky assets, long-term interest rates, and public debt.
💥 Biggest drop today: $BTW −18.58% to ~$0.63, losing nearly half its value in 7 days — despite no project-specific news.
Next week, watch for Fed Chair Warsh’s speech (Nov. 16) and Nvidia earnings (Nov. 17). Do you think $62,000 will hold, or will BTC test $60,000?
#Bitcoin #BTC #CryptoNews #BitcoinVietnam
📌 This is market information, not investment advice.
