Key insights
- Bitcoin price prediction: The price of Bitcoin rebounded to $65,405.24 after falling toward $62,000.
- Bloomberg cited Treasury yields, the dollar, political uncertainty, and the Binance hack as pressures.
- Ted Pillows flagged $60,000, while BTC crypto liquidations reached $802.47 million in 24 hours.
Bitcoin price prediction remained uncertain on Nov. 15 after the cryptocurrency rebounded above $65,000. Bitcoin had earlier approached $62,000 during another wave of selling across digital assets.
A CoinGecko market snapshot placed BTC near $65,405, down approximately 2.7% over 24 hours. Meanwhile, CoinGlass data showed substantial Bitcoin futures liquidations as leveraged traders faced sharp price movements.
The decline also brought Bitcoin closer to its 2026 low near $58,000. Analysts now face competing signals from recovering prices, derivatives positioning, and continued macroeconomic uncertainty.
Bitcoin Price Prediction as Yearly Low Comes Into Focus
Amid this Bitcoin price prediction, BTC crypto closed in on its lowest level of $58,000 since July during the weekend decline. At the time of the report, BTC crypto was nearing $62,000.
A CoinGecko snapshot showed a 24-hour range of $62,080.91 to $67,252.92. Its chart showed Bitcoin falling from above $67,000 to the lower end of that range.
Bitcoin later approached $66,000 before easing, leaving the quoted price about 5.4% above its daily low.
The recovery followed losses across longer periods. BTC crypto was down 13.6% over seven days, 16.1% over 14 days, and 20.1% over 30 days.
The chart also offers levels for the near-term Bitcoin price prediction. It suggests initial support around $64,000, where the price of Bitcoin rebounded after a pullback. If that level fails, the daily low is the next area to watch.
On the upside, the chart suggests resistance around $65,900–$66,000, where the rebound stalled. A move above that range could bring the 24-hour high back into focus.
Bloomberg cited several factors behind the market decline, including higher Treasury yields and a stronger U.S. dollar. It also pointed to policy uncertainty after the U.S. midterm elections and the continuing fallout from the Binance hack.
Joshua Lim, co-head of markets at FalconX, highlighted two topics in discussions about the selloff. He said stablecoin balances had declined by nearly $20 billion over the past month. Lim also cited the potential liquidity impact of Anthropic’s upcoming initial public offering.
Bitcoin Price Prediction as Ted Pillows Watches $60K
Against that backdrop, analyst Ted Pillows included the $62,000 area in his Bitcoin price prediction. He described it as an important demand zone and warned that a fall below $60,000 could deepen the decline.
Pillows also discussed liquidations after Bitcoin’s recent decline. He said Bitcoin had dropped $18,000 in 17 days, with total liquidations exceeding $13 billion over that period.
The analyst said long positions had largely been cleared during the selloff. He estimated the remaining long liquidation cluster at $1 billion, compared with $16 billion in short-side liquidity. Based on that difference, he expected short positions to face the next round of liquidations.
BTC Crypto Liquidations Show a Shift Across Time Frames
Amid the Bitcoin price predictions, a liquidation snapshot showed $606.62 million in BTC crypto long positions liquidated over 24 hours. Short positions accounted for another $195.85 million during that period.
Over 12 hours, the split was nearly even. Bitcoin long liquidations totaled $146.18 million, while shorts reached $149.24 million. Combined, the two sides accounted for $295.43 million in liquidations.
Short positions dominated the four-hour figures. The snapshot showed $45.52 million in BTC crypto liquidations, including $42.92 million in shorts and $2.60 million in longs.
However, longs made up the larger share during the latest hour. The data showed $554,860 in long liquidations and $86,100 in shorts, for a total of $640,960.
This article provides market information, not investment advice. Cryptocurrency prices remain volatile, and leveraged trading carries substantial liquidation risk. Investors should consult a qualified financial professional before making investment decisions.
