coinedition.com
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Bitcoin price prediction for November 14 stays bearish below $70,000, the level $BTC needs to reclaim after losing its rising trendline.
Bitcoin’s fall below $70,000 leaves buyers facing a difficult recovery after a break of its rising trendline. $BTC trades at $68,686, down 7% over 24 hours, according to CoinGecko, and roughly 21% below its late-September high.
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The trendline drawn from July’s low gave way on November 12, with selling continuing into the following session. That line now sits near $71,700, making $70,000–$71,700 the first resistance zone buyers need to reclaim.
All four daily moving averages remain well above price, reinforcing the weakness. The 20-day EMA stands at $75,987, followed by the 200-day at $76,268, the 100-day at $77,126 and the 50-day at $78,138.
RSI has dropped to 25.17, below both the oversold threshold of 30 and its average of 36.51. That leaves room for a relief bounce, but the chart has yet to show a clear reversal.
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For November 14, the setup favors a $65,000–$70,000 range while $BTC remains below former support. A sustained recovery above $70,000 would bring $71,700 into focus, while a daily close below $65,000 could expose $62,500.
| Type | Price | Why it matters |
| Resistance | $70,000 | Round level, former support |
| Resistance | $71,700 | Broken rising trendline |
| Resistance | $75,987 | 20-day EMA |
| Support | $68,263 | Today’s low |
| Support | $65,000 | Round level |
| Support | $62,500 | August low |
US spot Bitcoin ETFs have lost $1.44B over five straight sessions, including $299.90M on November 11, since their last inflow of $74.57M on November 4.
Total net assets fell to $93.70B from $102.26B, a drop of about 8.4%. The outflows explain only about 17% of that drop, so most of the damage came from the falling price.
The latest figures are incomplete. Partial data for November 12 shows another $47.61M out, and Fidelity’s FBTC and BlackRock’s IBIT, the two largest funds, have not yet reported.
CoinDesk reported that the selloff gathered pace as the US Dollar Index (DXY), which tracks the dollar against major currencies, rose above 103, its highest since April 2025. The index is up nearly 2% since early October as odds of Fed rate hikes strengthen.
The odds of a half-point hike in December have risen since a hotter-than-expected October CPI reading earlier this week. CoinDesk also noted media reports of renewed military escalation in the Middle East, with Iran’s IRGC saying it destroyed a US early-warning radar in Bahrain.
Higher rate odds drain liquidity from assets such as Bitcoin, so a dollar that keeps climbing leaves little room for a bounce past $70,000.
Nvidia said in an SEC filing that CEO Jensen Huang resigned as president, chief executive and board member, effective immediately. CFO Colette Kress becomes interim CEO, and Harvey C. Jones becomes the board’s first-ever chair. Nvidia’s stock fell 6.4% in early trading and is down 18.8% over the past week.
Bitcoin’s slide started earlier. It closed at $80,428 on November 4, fell to $75,969 the next day and hit an intraday low of $72,643 on November 10. Today it trades near $68,686, about 15% below that November 4 close. The Nvidia news deepens a tech-led risk-off move more than it started one.
Odaily, citing CoinGlass data, reported that the Coinbase Bitcoin premium index has been negative for 50 straight days. It stood at -0.13% on November 12, against a 30-day average of -0.15%.
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The index measures the price gap between Coinbase and Binance, so a negative reading usually means weaker US buying or stronger US selling. The gap is small, so it points to steady, mild weakness in US demand, not panic, and it matches the ETF outflows.
$BTC holds today’s low at $68,263, closes above $70,000 and reclaims the broken trendline near $71,700, about 4% above today’s price. A close above it would open the 20-day EMA at $75,987, about 11% higher. A pause in ETF outflows and a softer dollar would fit this path.
$BTC closes below today’s low at $68,263 and then $65,000, about 5% below today’s price. That would put the August low near $62,500 in play, about 9% lower. A sixth session of ETF outflows and a stronger dollar would fit this path.
$BTC stays bearish below $70,000 and could move toward the broken trendline near $71,700 if it holds today’s low at $68,263 and closes above $70,000. A daily close below $65,000 would put $62,500 in play.
$BTC is down 7% over 24 hours at $68,685.80, according to CoinGecko, and has lost its rising trendline. The dollar index above 103, higher Fed hike odds after a hot CPI report and $1.44B of ETF outflows over five sessions all coincide with the drop, though none of the data ties it to a single cause.
US spot Bitcoin ETFs lost $299.90M on November 11 and $1.44B over five straight sessions, according to SoSoValue. Partial data for November 12 shows another $47.61M out.
Today’s low at $68,263 is the first support, followed by $65,000. A close below $65,000 would put the August low near $62,500 in play.
