Bitcoin Price Prediction: Why BTC Is Falling Below $70,000

The trendline drawn from July’s low gave way on November 12, with selling continuing into the following session. That line now sits near $71,700, making $70,000–$71,700 the first resistance zone buyers need to reclaim.

All four daily moving averages remain well above price, reinforcing the weakness. The 20-day EMA stands at $75,987, followed by the 200-day at $76,268, the 100-day at $77,126 and the 50-day at $78,138.

RSI has dropped to 25.17, below both the oversold threshold of 30 and its average of 36.51. That leaves room for a relief bounce, but the chart has yet to show a clear reversal.

Related: Lombard Price Prediction: BARD Surges 61% as Buying Pressure Returns

For November 14, the setup favors a $65,000–$70,000 range while $BTC remains below former support. A sustained recovery above $70,000 would bring $71,700 into focus, while a daily close below $65,000 could expose $62,500.

$BTC Support and Resistance Levels, November 14, 2026

US Bitcoin ETFs Lose $1.44B in Five Straight Sessions

US spot Bitcoin ETFs have lost $1.44B over five straight sessions, including $299.90M on November 11, since their last inflow of $74.57M on November 4.

Total net assets fell to $93.70B from $102.26B, a drop of about 8.4%. The outflows explain only about 17% of that drop, so most of the damage came from the falling price.