Bitcoin Holds $76,000 After Thursday's Brutal Selloff — $BTC
Thursday was rough for the whole market. US stocks crashed — the Nasdaq fell 5.5% and about $2.5 trillion was wiped off the Nasdaq 100 — and Bitcoin dropped from above $80,000. Over $1 billion in leveraged crypto positions were liquidated in 24 hours.
Then on Friday, US spot Bitcoin ETFs saw $430 million in net outflows, led by Fidelity's FBTC (-$199.9M) and BlackRock's IBIT (-$105M).
But today, Saturday 7 November, Bitcoin is steady near $76,000, up about 0.5% in 24 hours (as of 1:00 PM PKT). It is holding right around its 50-week average of $75,559 — the level traders are watching most.
The levels to watch: support at $74,800–$75,800, resistance at $76,660–$77,500. If support holds, Bitcoin likely stays sideways this weekend. If it breaks, the next move down could be sharp — and if resistance breaks, a bounce toward $77,500 opens up.
The Fear & Greed Index sits at 25 — Extreme Fear — so the mood is nervous, not greedy.
Do you think Bitcoin holds $75,800 this weekend, or does it slip lower?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Bitcoin
Thursday was rough for the whole market. US stocks crashed — the Nasdaq fell 5.5% and about $2.5 trillion was wiped off the Nasdaq 100 — and Bitcoin dropped from above $80,000. Over $1 billion in leveraged crypto positions were liquidated in 24 hours.
Then on Friday, US spot Bitcoin ETFs saw $430 million in net outflows, led by Fidelity's FBTC (-$199.9M) and BlackRock's IBIT (-$105M).
But today, Saturday 7 November, Bitcoin is steady near $76,000, up about 0.5% in 24 hours (as of 1:00 PM PKT). It is holding right around its 50-week average of $75,559 — the level traders are watching most.
The levels to watch: support at $74,800–$75,800, resistance at $76,660–$77,500. If support holds, Bitcoin likely stays sideways this weekend. If it breaks, the next move down could be sharp — and if resistance breaks, a bounce toward $77,500 opens up.
The Fear & Greed Index sits at 25 — Extreme Fear — so the mood is nervous, not greedy.
Do you think Bitcoin holds $75,800 this weekend, or does it slip lower?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Bitcoin
