BTC closed November 12 around $71,460, down 3.45%. Early Friday trading subsequently pushed it below $70,000.

Three factors are weighing on sentiment:

* Spot Bitcoin ETFs have recorded six consecutive sessions of outflows.
* Approximately $1.44 billion left spot BTC ETFs over five sessions.
* Higher interest-rate expectations are putting additional pressure on risk assets.

Technical perspective:

The $70,000 psychological level is now an important area to monitor.

* Below $70K: $66K becomes a potential downside area.
* Recovery above $73K: first sign of improving short-term momentum.
* Stronger confirmation: sustained buying and ETF inflows.

My view: Bitcoin doesn’t necessarily need another bullish narrative. It needs buyers willing to absorb existing selling pressure.

POLL:

What would convince you that BTC’s correction is approaching its end?

#bitcoin #BTC #CryptoMarket