๐ฅ Bitcoin & Crypto Market Update โ November 13
The crypto market is facing selling pressure, with Bitcoin struggling to regain bullish momentum. Recent market data shows BTC trading around the $71Kโ$73K region, while ETF outflows and stronger US inflation concerns are weighing on investor sentiment.
๐ BTC โ What Comes Next?
๐ด Support: $70,000โ$68,900
๐ข Resistance: $72,700โ$74,800
๐ Bullish scenario: A sustained breakout above $74,800 could open the door toward $77,000.
โ ๏ธ Bearish scenario: Losing $68,900 could trigger another downside move.
My view: BTC needs strong buying volume before confirming a reversal. Avoid emotional trades and watch key levels carefully.
Never trade with emotionsโtrade with a plan.
NFA. DYOR.
The crypto market is facing selling pressure, with Bitcoin struggling to regain bullish momentum. Recent market data shows BTC trading around the $71Kโ$73K region, while ETF outflows and stronger US inflation concerns are weighing on investor sentiment.
๐ BTC โ What Comes Next?
๐ด Support: $70,000โ$68,900
๐ข Resistance: $72,700โ$74,800
๐ Bullish scenario: A sustained breakout above $74,800 could open the door toward $77,000.
โ ๏ธ Bearish scenario: Losing $68,900 could trigger another downside move.
My view: BTC needs strong buying volume before confirming a reversal. Avoid emotional trades and watch key levels carefully.
Never trade with emotionsโtrade with a plan.
NFA. DYOR.