Bitcoin price loses $68K trendline: Can buyers defend $66K?

Bitcoin has fallen to around $67,200 on Nov. 14, losing more than 10% so far this week and slipping beneath its 200-week moving average as selling continues below $70,000. Bitcoin traded below its 200-week moving average near $67,992, with the weekly candle still open. Daily RSI fell to 22.96, while price dropped beneath the lower Bollinger Band. U.S. Bitcoin ETFs lost roughly $1.44 billion across five trading sessions through Nov. 11. Merlijn The Trader said he would bid at $66,000 after Bitcoin lost $70,000. TradingView’s Binance BTC/USDT charts show Bitcoin touching $66,456 before recovering toward $67,194 in the Nov. 14 snapshot. The daily candle was down 1.64%, while the weekly chart showed a 10.24% decline from an opening price near $74,851.

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