Bitcoin Falls Below $70,000 For The First Time Since August

Bitcoin returns to August's breakout range

Bitcoin fell below $70,000 on 13th November 2026, with Bitstamp recording a low of $69,500 against the US dollar in data saved at 03:16 UTC. Its daily price history shows that the last earlier session below $70,000 was 20th August. That data put BTC at $69,646.85, about 20.3% below the 21st September high of $87,373.64.

Binance's hourly price data for Bitcoin quoted in USDT (BTCUSDT) show a low of 69,900 USDT in the hour beginning at 02:00 UTC on 13th November; the file was saved at 03:08:30 UTC. Its daily history also places the previous session below 70,000 USDT on 20th August.

For 13th November, the Bitstamp data saved at 03:16 UTC show no trade below $69,000, while Binance's data saved at 03:08:30 UTC show none below 69,000 USDT.

Bitstamp's daily price history shows lower prices after September's peak and an early-November rebound. The latest decline has carried price back inside the $64,112.88 to $73,370.15 range spanned by the 19th and 20th August daily candles.

The moving averages below use Bitstamp data saved at 03:16 UTC on 13th November.

Earlier floors now sit above price

Bored Node's calculations from Bitstamp's daily price data put the simple moving averages, each an average of daily closing prices, near $76,666 over 20 days, $80,568 over 50, $77,747 over 100 and $73,043 over 200. All include the unfinished 13th November candle. Bitcoin was below all four.

The completed 12th November close of $71,374.07 was already below that day's average over 200 closes, about $73,082.

A Fibonacci retracement, which marks proportions of an earlier price rise that have been given back, provides another set of reference levels. Using the 1st July low of $57,734.63 and the 21st September high in Bitstamp's daily price data gives a halfway level of $72,554 and a 61.8% retracement near $69,057. The 12th November close was below halfway, while the latest observation was approaching the deeper level.

The 20th August low of $68,858.17 sits just below it. Together, these give a support area near $68,900 to $69,100. Support here means a chart reference for a possible pause in the decline, with no assurance that price will hold there.

Closing levels that would change the assessment

A daily close back above $72,554 and the 200-day average near $73,000 would meet the first recovery condition. The next references would be the 8th November low near $73,500, followed by the September and October lows near $74,900 and $76,200. These former floors are potential resistance, or areas where a recovery could stall.

A daily close below both $69,057 and $68,858 would instead meet the condition for further weakness. The next reference would be the 78.6% retracement near $64,100, within the roughly $62,700 to $65,000 area traded before August's breakout. A close below the support area would invalidate the recovery case; a close back above the recovery thresholds would invalidate the downside case.