Bitcoin Price Prediction: BTC/USD Slumps Below $69,000 Level ByAzeez MustaphaPRO INVESTOR Updated: 10 November 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Price Prediction – November 10 The Bitcoin price is retreating from the recent high of $69,000 but bulls may have trouble taking the market price above this level. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $74,000, 766,000, $78,000 Support Levels: $60,000, $58,000, $56,000 BTCUSD – Daily Chart Buy Bitcoin Now At the time of writing, BTC/USD is trading down by 2.02% at its current price of $65,592. This is the spot where the coin has been trading for the past few days, with the selling pressure seen in the $65,000 region. Moreover, where the coin may go next could depend on whether or not bulls can take control of it before it breaks below $64,000 or $62,000. Bitcoin Price Prediction: What to Expect from BTC On the upside, the Bitcoin price is likely to face sellers near the $65,000 zone. A clear close below the $63,000 support could most likely start a strong selling pressure. Meanwhile, the next target for the bulls could be $72,000 in the near term. Any more gains could lead the price towards the $74,000, $76,000, and $78,000 resistance levels. However, if Bitcoin fails to clear the $67,000 resistance, it could correct lower and the first key support is located around the $63,000 level. Therefore, any more losses might call for a test of the $60,000 support level. If the bulls fail to defend the $58,000 support zone, the price is likely to dive towards the $56,000 support in the coming sessions. BTC/USD Medium-Term Trend: Bearish (4H Chart) On the 4-Hour chart, BTC price hovers around $65,543 and may take time to persistently trade above $67,000. More so, if the bulls gather enough strength and regroup, the upward movement may be able to near the $68,000 and $70,000 resistance level. BTCUSD – 4 Hour Chart On the downside, immediate support is around the $65,000 level while the main support is at the $64,000 level. The price may likely fall below $62,000 if the bears step back into the market, a further movement could test the critical support at the $60,000 level. Technically, Bitcoin is currently moving in bearish as the technical indicator Relative Strength Index (14) nosedives below 50-level, suggesting that more bearish signals may come to play in the market. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 68% of retail investor accounts lose money when trading CFDs with this provider Read more: How to buy Bitcoin How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage