Bitcoin Must Hold $75,000 Support or Risk Drop to Mid-$60,000s
Bitcoin is holding support at $75,000, but a break below that level could open the way for a further decline into the mid-$60,000s, Jamie Coutts, Real Vision's chief crypto analyst, said.On Nov. 6, Coutts wrote on X that Bitcoin has so far maintained the $75,000 support line. Below that level, he said, there is little clear support until the mid-$60,000s.A break of $75,000 could also turn several key trend indicators bearish, he added.Conversely, if Bitcoin breaks above $87,000, the trend reversal that began in August could be confirmed across major weekly technical and on-chain indicators.