Bitcoin price holds $76K as ETF outflows put $75K support in focus

Bitcoin has edged back above $76,000 on Nov. 7, but weak daily momentum and another $411.9 million in U.S. spot ETF withdrawals have left its recovery close to a key weekly support level. Bitcoin traded near $76,070, with daily RSI below neutral at 38.78. The 50-week moving average near $75,562 sits just above the $75,000 weekly pivot. Liquidation clusters surround the market, with nearby overhead concentrations around $76,500–$77,500. U.S. spot Bitcoin ETFs lost approximately $1.28 billion across the Nov. 2–6 trading week.

Source: crypto.news