Bitcoin Price Risks Falling to $60K if This Support Fails, Analyst Says
Photo: The Coin Republic
Key Insights: Analyst predicts Bitcoin price dip to $60K if BTC breaks below a crucial support level. Jamie Coutts sees a mid-$60K risk below $75K, while $87K could confirm a trend reversal. Bitcoin ETFs saw $411.9M in Nov. 7 outflows, while cumulative inflows reached $56.15B. Bitcoin price stood at $75,908 on the three-day chart after a drop from resistance near $87,000. The decline took BTC price below $80,000, a level marked during the recent advance. Analysts are watching $73,000 as the chart’s mid-range support. A break, as highlighted by Ali Martinez, could expose the lower channel boundary near $60,000.
Source: The Coin Republic
