TechFlow, Nov 21 — Bitcoin weakened further on November 21, dropping as low as $82,000, a decline of over 35% from its October peak. Technically, BTC has broken below its weekly trend structure, with the $82,000–$86,000 range now serving as the key support zone. A break below this level would see the next weekly-level support at $74,000. Liquidation heatmaps indicate $93,000 is a strong near-term resistance; a breakout above this level would signal stabilization in market sentiment. On the capital front, U.S. spot Bitcoin ETFs continue to see substantial net outflows, reflecting declining risk appetite. Macroeconomic factors such as fading rate cut expectations and a pullback in U.S. tech stocks are also jointly pressuring BTC’s performance.
BiyaPay analysts noted: Bitcoin has now entered a high-volatility phase. Key support levels to watch are $82,000 and $74,000. If prices stabilize at these levels, the potential for a rebound can be reassessed. A breakout above $93,000 would clearly repair short-term trends.
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