Bitcoin Price Fails to Break $75,000 With Anthropic IPO in Focus
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Key insights Bitcoin price USD stood at $72,774.55, near its reported 24-hour low. Michaël van de Poppe identified $75,000 and the 200-day moving average as key Bitcoin price levels. Bloomberg reported Anthropic IPO orders exceeded available shares several times, amid shifting valuation expectations. Bitcoin price USD stood at $72,774.55 in CoinGecko’s November 12 snapshot, after retreating from the $75,000 level. Michaël van de Poppe linked the downtrend and search for lower support to liquidity he believes the upcoming Anthropic IPO is drawing from crypto markets. Van de Poppe had previously identified $75,000 as a crucial threshold. After the price of Bitcoin failed to break above it, he said the downward trend continued, and markets were seeking support at lower levels.
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