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Bitcoin (BTC/USD) – Latest Market Analysis

Short-termbearishpressure 9 November 2026

Bitcoin is facing renewed selling pressure after falling to a two-month low. The short-term trend is bearish, although the broader weekly picture is not completely broken.



Bitcoin (BTC)

$73,708

Recent reported low · 8 November

Reuters reported that BTC fell to $73,708 amid regulatory concerns following the US midterm elections and security concerns around crypto exchanges.



Reuters

1. Technical analysis

Indicator

Latest reading

Daily RSI

37.6

Daily trend

Bearish

4-hour trend

Strong bearish

Weekly trend

Strong bullish

Market condition

High volatility

Source: November 8 technical analysis.



COINOTAG

2. Important support and resistance levels

Support levels

$73,000

Major psychological support

$71,871

61.8% Fibonacci level

$65,800

Next downside target zone

Resistance levels

$76,300

Immediate resistance

$77,700

Important breakout level

$80,000–84,000

Major resistance zone #BTC☀ #$BTC