Bitcoin price holds near $73,700, but analysts warn of more selling

Bitcoin price has remained stuck around $73,700 on November 12, struggling to recover from its recent selloff as weak institutional demand, persistent leverage and growing exchange inflows continue to weigh on the market. Bitcoin price remains near $73,700 as weak institutional demand prevents a sustained recovery above resistance. CryptoQuant warns Bitcoin's latest correction has not produced the leverage reset seen in previous declines. Miner reserves have fallen to approximately 1.19 million BTC as exchange inflows reach nine-month highs. Bitcoin continues trading below its short-term moving averages, with the RSI approaching oversold territory. A break below $72,000 could expose $70,000, while recovering $75,565 would improve Bitcoin's technical outlook.

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