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.
Bitcoin Price Nears $73K Support After Pullback
The three-day chart, as highlighted by Ali Martinez, shows Bitcoin recovering from about $60,000 in June and rising through $66,000 and $73,000.
The Bitcoin price reached the upper $80,000 range in October, then stalled near $87,000. The latest candles show a retreat below $80,000. The chart identifies $73,000 as the next marked support.
If buyers defend $73,000, the chart indicates that Bitcoin could remain above that area. A break below it would place $66,000 in view, followed by the channel boundary near $60,000.
Jamie Coutts said Bitcoin had so far held support in the $75,000 range. He described a break below it as a risk of a move toward the mid-60,000s, where several trend filters would turn bearish.
Coutts said a move above $87,000 would confirm an August trend reversal across weekly technical and on-chain data.
In addition, Helios Analytics’ November 6 dashboard showed 31.8% of Bitcoin supply last moved above $80,428.
Its chart separates short-term holders in cyan from long-term holders in purple. It shows supply concentrations between $75,000 and $85,000, plus long-term-holder clusters near $60,000 to $65,000 and around $100,000.
Analysts Track $82K Resistance and Order Clusters
Ted Pillows reported no major sell orders until the $81,000 to $82,000 range. He identified large buy orders around $73,000 to $75,000. Those reported levels place buying interest near the support area and sell orders above it. They do not predict how price will respond.
Additionally, analyst Aksel Kibar said Bitcoin’s move above $82,800 lacked a strong weekly close and showed hesitant momentum.
He said Bitcoin price could return to a broad range between $60,000 and $82,800. Kibar identified $75,000 as a level that could negate a rectangle-bottom reversal pattern.
Kibar’s weekly chart showed Bitcoin price at $80,911, below the $82,800 resistance. It marked support at $67,200, the 2026 low near $60,000, and a longer-term level at $72,000.
The chart also showed a recovery through an ascending channel before price reached about $87,000 and pulled back.
The chart placed Bitcoin’s 2025 peak above $110,000, where Kibar identified a broadening-top pattern. The price later fell below $100,000 and then $87,000. Those levels provide additional context for his current range analysis.
Bitcoin ETF Outflows Continue Through November
Bitcoin spot ETFs recorded $411.90 million in net outflows, equal to 5,420 BTC, by 7:50 a.m. November 7. The funds reported $2.75 billion in daily trading volume and $100.38 billion in net assets. The cumulative net inflows stood at $56.15 billion, or 700,920 BTC.
Farside Investors showed that Bitcoin Spot ETFs has recorded about $411 million in outflows on November 6. IBIT lost $403 million, while BITB, ARKB, and GBTC lost $20.5 million, $20.1 million, and $11.1 million, respectively.
FBTC recorded a $42.8 million inflow. On November 5, outflows totaled $430.2 million, led by FBTC at $199.9 million and IBIT at $105 million.
November 4 was the month’s only inflow day so far, with $74.6 million added. A chart covering January 2024 through October 2026 shows alternating daily inflows and outflows alongside Bitcoin’s price.
