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Even though Bitcoin ($BTC) briefly rebounded above $75,000 on Monday, November 11, 2026, the crypto Fear and Greed Index showed that traders are fearing a potential dead-cat bounce.
Bitcoin price faced a relief rally on Monday amid a spike in demand following a rebound in the broader stock market. Over the past 24 hours, $BTC’s trading volume soared by more than 262% to $31.2 billion, according to data from CoinMarketCap.
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Source: CoinMarketCap
As a result, Bitcoin price surged over 2% from its 24-hour low of around $73,748 to a local peak of approximately $75,431. At press time, $BTC had slightly retraced to trade at approximately $74,742.
After closing the past 5 consecutive weeks in red, Bitcoin has retested a major support level at about $73,000. As a result, pseudonymous crypto trader Brick, @brickcryptox, believes that $BTC has reached its correction bottom in preparation for its next bull run towards $140,000.
$BTC daily chart. Source: TradingView
Furthermore, as Bitcoin’s price fell over the past five weeks, it retested the middle Bollinger Band, the 20-week Moving Average (MA), a major support zone that could precede a potential rebound.
Bitcoin weekly chart with Bollinger Bands indicator. Source: TradingView
If Bitcoin’s weekly Relative Strength Index (RSI) continues to rebound, its macro bullish sentiment could gain momentum.
Bitcoin price remains highly influenced by the performance of the United States spot exchange-traded funds (ETFs) and global economic conditions.
Spot $BTC ETFs weekly flow. Source: SoSoValue.
During the last three weeks, the U.S. spot $BTC ETFs have recorded a net cash outflow of $1.177 billion, based on metrics from SoSoValue. Consequently, these funds had roughly $95.90 billion in total assets.
At the time of publication, BlackRock’s iShares Bitcoin Trust (IBIT) had $60.29 billion in net assets, down over $400 million last Friday. As such, a renewed demand for $BTC via spot ETF issuers could stir a possible uptrend as a continuation of its third-quarter 2026 rebound.
