BTC heads for a sixth straight weekly loss — tonight's close locks it in at -13.5% on the week.
Source: Binance spot, 15:32 UTC.
$BTC $64,653 now, after tagging a $62,006 low and knocking on $66,132. I have to own one thing first: Nov 14 actually closed at $64,150, lower than this morning's read suggested — so today's bounce is +0.8% relief, not a recovery.
Spot ETFs sold a 7th straight session on Friday, $185.4M out, $1.07B for the week — and BlackRock's IBIT has now bled 11 sessions in a row. $ETH is -18% on the week too, so this is not a BTC-only story. Fear sits at 10, a third straight day.
I'm leaning bearish while price sits under the $65,000 repair line. The bounce off $62,006 felt like relief for about four hours, then $66,132 said no. Break $65,000 and hold, repair starts toward $67,755. Lose $62,006, $60,000 gets tested, then the July low $58,566. A daily close above $68,000 ends the breakdown story entirely.
Tonight's close — does BTC hold $62,006 and print above $65,000, or does $60,000 get tested first? $65,000 is the line, $BTC — that's the close I'm watching tonight.
Not financial advice. DYOR.
#BTC #CryptoNews #BinanceSquare
Source: Binance spot, 15:32 UTC.
$BTC $64,653 now, after tagging a $62,006 low and knocking on $66,132. I have to own one thing first: Nov 14 actually closed at $64,150, lower than this morning's read suggested — so today's bounce is +0.8% relief, not a recovery.
Spot ETFs sold a 7th straight session on Friday, $185.4M out, $1.07B for the week — and BlackRock's IBIT has now bled 11 sessions in a row. $ETH is -18% on the week too, so this is not a BTC-only story. Fear sits at 10, a third straight day.
I'm leaning bearish while price sits under the $65,000 repair line. The bounce off $62,006 felt like relief for about four hours, then $66,132 said no. Break $65,000 and hold, repair starts toward $67,755. Lose $62,006, $60,000 gets tested, then the July low $58,566. A daily close above $68,000 ends the breakdown story entirely.
Tonight's close — does BTC hold $62,006 and print above $65,000, or does $60,000 get tested first? $65,000 is the line, $BTC — that's the close I'm watching tonight.
Not financial advice. DYOR.
#BTC #CryptoNews #BinanceSquare
