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Bitcoin Bulls Lose Control: $72,987 Now in Sight

VG Markets · 2026-11-10T05:43:52Z

Bitcoin Bulls Lose Control: $72,987 Now in Sight

Bitcoin is struggling to find its footing near $75,000 as fresh concerns over crypto regulation, security risks and tighter US monetary policy weigh on market sentiment.

The recent US midterm results have raised fears of tougher crypto regulation, while a major Binance security breach has added to investor caution. Markets are also watching today's US CPI report, with hotter inflation potentially strengthening expectations of another Fed rate hike in

December. These pressures are keeping buyers on the sidelines.

Bitcoin (BTC/USD): $76,224 Is the Key Barrier

The technical outlook remains tilted to the downside. Bitcoin is trading around $74,698, below its 20-period moving average at $74,880. RSI is below 50, while MACD remains negative and below its signal line.

Key Levels	Price (USD)
Resistance 2	77,465
Resistance 1	77,002
Pivot Point	76,224
Current Price	74,698
Target 1	73,442
Target 2	72,987

Trading outlook:

Below $76,224: Bearish pressure remains, with $73,442 and $72,987 as downside targets.
Above $76,224: A recovery could extend toward $77,002 and $77,465.

What Traders Should Watch

Bitcoin is approaching an important decision point. A break toward $73,442 could expose the next support at $72,987, while a move back above $76,224 would signal that buyers are regaining ground.

For now, $76,224 stands between Bitcoin and a potential deeper slide.

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