Key Insights
- Bitcoin price traded near $67,000, as a daily TD Sequential buy signal pointed to a possible rebound.
- Ali Charts sees $73,000 as the first hurdle and $80,000 as a potential target if buyers reclaim it as support.
- US spot Bitcoin ETFs posted $2.35 billion in net outflows over two weeks, with $185.4 million leaving on Friday.
The Bitcoin price traded around $67,000 on November 14, after falling below $70,000 a day earlier. The decline came as US spot Bitcoin ETFs recorded about $2.35 billion in net outflows over two weeks.
Crypto analyst Ali Charts has identified a daily TD Sequential buy signal. He sees a potential rebound toward $73,000, followed by $80,000 if buyers reclaim that level as support.
His analysis also flagged signals for Ethereum, XRP, and Solana. All four have fallen sharply since September, while continued ETF withdrawals add another challenge for Bitcoin bulls.
Bitcoin Price Buy Signal Puts $73,000 and $80,000 in Focus
In a November 13 post on X, Ali said Bitcoin had fallen 22.55% from its September 21 high of $87,354. The cryptocurrency had reached $67,652 when he shared the analysis.
Bitcoin later dropped below that earlier low and traded around $67,000 on November 14. That left the Bitcoin price below the $73,000 level highlighted in his forecast.
The TD Sequential indicator attempts to identify points where a price trend may be losing strength. A buy signal suggests a possible reversal, but it does not guarantee a rebound.
If buyers validate the signal, Ali expects a move toward the 200-day simple moving average near $73,000. He says reclaiming that level as support could open the way to $80,000.
The 200-day average tracks closing prices over roughly seven months. It can act as a reference for the longer-term trend as traders assess whether a rebound has lasting strength.
An advance from $67,000 to $80,000 would represent a gain of about 19.4%. The Bitcoin price prediction depends on buyers first recovering and holding the moving average.
Bitcoin Price Faces Pressure After ETF Outflows Hit $2.35B
The Bitcoin price faces another challenge from sustained Bitcoin ETF outflows. SosoValue data shows US spot funds posted $1.07 billion in net withdrawals through November 13.
The Bitcoin price also fell during the previous week, when ETFs recorded $1.28 billion in net outflows. Together, the two weeks brought net outflows to about $2.35 billion.
Friday’s total reached $185.4 million, down from $284.1 million on Thursday and $299.8 million on Wednesday. BlackRock’s iShares Bitcoin Trust, or IBIT, accounted for $143.5 million of Friday’s outflows. Fidelity’s FBTC contributed the remaining $41.9 million.
The November 13 result marked the seventh consecutive trading session of net outflows. SooValue’s daily figures show roughly $1.91 billion left in the funds from November 5 through November 13.
IBIT recorded outflows for 11 straight sessions starting October 30. Those withdrawals totaled about $2.35 billion, covering a different period from the two-week total for all funds.
BlackRock’s fund accounted for $908.4 million of outflows in the latest week, following roughly $1.21 billion the week before. Its November withdrawals reached about $2.12 billion, or roughly 90% of the market’s net outflows that month.
ETF flow data tracks net share creations and redemptions. It does not identify the investors involved or prove that BlackRock sold Bitcoin from its own holdings.
Ethereum, XRP, and Solana Also Flash Daily Buy Signals
Daily buy signals also appeared for Ethereum, XRP, and Solana as the Bitcoin price weakened, Ali said. His targets for each asset depend on buyers following through after steep declines.
Ethereum fell 32.4% from $2,806 to $1,897, according to his analysis. He sees a possible rebound toward its 200-day average near $2,150. A move above that level could bring trendline resistance around $2,435 into focus.
XRP dropped roughly 40% from $1.66 to $0.99. If buying pressure returns, Ali sees $1.13 as the first target, followed by its 200-day average near $1.26.
Solana fell nearly 38% from about $125 to $77.92. It is expected to rebound toward its 200-day average near $89. A break above that level could put the $97 resistance trendline in view.
