In this video: We analyse Bitcoin on 14 November 2026 using Elliott Wave, with a break above the updated first resistance at $70,740 as the first condition for a low. Video by More Crypto Online.
Visit Trading Platform >>
Bitcoin is still under downside pressure without any reaction to the upside, and the microstructure supports lower prices in a third wave down. The point of control around 64K often acts as a magnet, and the box being tested now decides whether lower prices, possibly into next year, become more likely: a decisive break below $63,326 would open the door to 56K, and below that to 44K. The daily RSI is just below 24, oversold but not yet at the 15 to 16 readings seen at earlier significant lows.
New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!
Learn more >>
Bitcoin Insights Today
• Macro & Tech Headwinds. Bitcoin has declined for five consecutive weeks, pressured by hotter-than-expected US inflation data, a stronger US dollar, and renewed rate-hike concerns. Weakness in US tech and AI equities—particularly around Nvidia—has further dampened broader risk appetite.
• Institutional Outflows & Index Removal. US spot Bitcoin ETFs have recorded sustained net outflows, losing nearly $300 million in a single session earlier this week led by BlackRock's IBIT. Separately, index provider MSCI confirmed it will remove major corporate holder Strategy (MSTR) from two US indexes, adding selling pressure to crypto-linked equities.
• Corporate Treasury Underwater. Following today's dip below $67,400, Strategy's 850,364 BTC treasury—acquired at an average price of $75,456—is sitting on roughly $685 million in unrealized losses.
• Derivatives & Holder Sentiment. Glassnode data shows perpetual futures funding rates turned negative for the first time in a month as BTC broke below $69,000—indicating heavy short positioning that sometimes precedes short squeezes, even though short-term spot holders have largely avoided panic selling so far.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
