Bitcoin Falls Below $70,000 For The First Time Since August
Bitcoin (BTC) fell below $70,000, returning to the price range traded on 19th and 20th August.
Price analysis built around a stated timeframe, sourced data, meaningful levels and two scenarios that could change the view.
Bitcoin (BTC) fell below $70,000, returning to the price range traded on 19th and 20th August.
Nvidia (NASDAQ: NVDA) opened 13.1% lower on 12th November, the day it confirmed Jensen Huang's resignation, and had recovered to $165.65 by 17:49 UTC.
Bored Node's chart read puts the S&P 500 (SP:SPX) just above its 23rd July low, with CPI on 10th November and PPI on 13th November the scheduled tests.
The Nasdaq Composite (NASDAQ:IXIC) closed back above 24,425.34 on 6th November, a day after closing below it, and sits 10.9% under its 6th October closing high.
The Hang Seng slipped back below 24,524.63 on 6th November after a 5.10% weekly rally; Bored Node's chart read watches that level and 24,281.77.
CoinGlass recorded about $1.02B in rolling liquidations at 03:08 UTC on 9th November. Bitcoin was near $75,000 in the separate 03:37 UTC TradingView snapshot.
Bored Node's chart read has the STOXX 600 above its 20, 50 and 200 day averages but under 651.24 resistance, with German, UK and euro area data due 11th to 13th November.
Nasdaq data show a 5.52% Composite fall on Thursday, while TradingView records losses across Asian and European markets.
Bitcoin remains below its daily averages, leaving a break above Saturday's early range short of a broader technical recovery.