Bitcoin Price Risks Falling to $60K if This Support Fails, Analyst Says

Key Insights: Analyst predicts Bitcoin price dip to $60K if BTC breaks below a crucial support level. Jamie Coutts sees a mid-$60K risk below $75K, while $87K could confirm a trend reversal. Bitcoin ETFs saw $411.9M in Nov. 7 outflows, while cumulative inflows reached $56.15B. Bitcoin price stood at $75,908 on the three-day chart after a drop from resistance near $87,000. The decline took BTC price below $80,000, a level marked during the recent advance. Analysts are watching $73,000 as the chart’s mid-range support. A break, as highlighted by Ali Martinez, could expose the lower channel boundary near $60,000. Bitcoin Price Nears $73K Support After Pullback The three-day chart, as highlighted by Ali Martinez, shows Bitcoin recovering from about $60,000 in June and rising through $66,000 and $73,000.

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