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<h3 id="h-key-insights" class="wp-block-heading"><strong>Key Insights:</strong></h3>
<ul>
 <li>Analyst predicts Bitcoin price dip to $60K if BTC breaks below a crucial support level.</li>
 <li>Jamie Coutts sees a mid-$60K risk below $75K, while $87K could confirm a trend reversal.</li>
 <li>Bitcoin ETFs saw $411.9M in Nov. 7 outflows, while cumulative inflows reached $56.15B.</li>
</ul>
<p>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.</p>
<p>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.</p>
<h2 id="h-bitcoin-price-nears-73k-support-after-pullback" class="wp-block-heading"><strong>Bitcoin Price Nears $73K Support After Pullback</strong></h2>
<p>The three-day chart, as <a href="https://x.com/alicharts/status/2118965755798802827" rel="noopener noreferrer nofollow">highlighted</a> by Ali Martinez, shows Bitcoin recovering from about $60,000 in June and rising through $66,000 and $73,000.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img width="842" height="1024" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/11/26ed7ea5a63f0d2e25d962c6faddbd4661aefc1dbdcdecbfb8672db0111a5b88-1-842x1024.png" alt="Bitcoin Price Action | Source: Ali Martinez, X">
  <figcaption>
   Bitcoin Price Action | Source: Ali Martinez, X
  </figcaption>
 </figure>
</div>
<p>The Bitcoin price reached the upper $80,000 range in October, then stalled near $87,000. The latest candles show a retreat below $80,000. The chart identifies $73,000 as the next marked support.</p>
<p>If buyers defend $73,000, the chart indicates that Bitcoin could remain above that area. A break below it would place $66,000 in view, followed by the channel boundary near $60,000.</p>
<p>Jamie Coutts <a href="https://x.com/Jamie1Coutts/status/2118696473714180585" rel="noopener noreferrer nofollow">said</a> Bitcoin had so far held support in the $75,000 range. He described a break below it as a risk of a move toward the mid-60,000s, where several trend filters would turn bearish.</p>
<p>Coutts said a move above $87,000 would confirm an August trend reversal across weekly technical and on-chain data.</p>
<p>In addition, Helios Analytics’ November 6 dashboard showed 31.8% of Bitcoin supply last moved above $80,428.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img width="1024" height="793" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/11/cf2ad21d74f0cca43d8161fb2f7cedf304934f9985716d4341ec0595e1283f2c-1-1024x793.png" alt="BTC Network Pulse | Source: Helios Analytics">
  <figcaption>
   BTC Network Pulse | Source: Helios Analytics
  </figcaption>
 </figure>
</div>
<p>Its chart separates short-term holders in cyan from long-term holders in purple. It shows supply concentrations between $75,000 and $85,000, plus long-term-holder clusters near $60,000 to $65,000 and around $100,000.</p>
<h2 id="h-analysts-track-82k-resistance-and-order-clusters" class="wp-block-heading"><strong>Analysts Track $82K Resistance and Order Clusters</strong></h2>
<p>Ted Pillows reported no major sell orders until the $81,000 to $82,000 range. He <a href="https://x.com/TedPillows/status/2118765360761667657" rel="noopener noreferrer nofollow">identified</a> large buy orders around $73,000 to $75,000. Those reported levels place buying interest near the support area and sell orders above it. They do not predict how price will respond.</p>
<p>Additionally, analyst Aksel Kibar <a href="https://x.com/TechCharts/status/2118753657403371921" rel="noopener noreferrer nofollow">said</a> Bitcoin’s move above $82,800 lacked a strong weekly close and showed hesitant momentum.</p>
<p>He said <a href="https://www.thecoinrepublic.com/2026/10/26/bitcoin-price-faces-79k-breakdown-as-traders-eye-82k-rebound/" rel="noopener noreferrer nofollow">Bitcoin price</a> could return to a broad range between $60,000 and $82,800. Kibar identified $75,000 as a level that could negate a rectangle-bottom reversal pattern.</p>
<p>Kibar’s weekly chart showed Bitcoin price at $80,911, below the $82,800 resistance. It marked support at $67,200, the 2026 low near $60,000, and a longer-term level at $72,000.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img width="1024" height="614" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/11/1424ec33e956bc04b0c6b78f2b756a65bfd51be9c189a098884b3eb2d13bf06b-1-1024x614.png" alt="Bitcoin (BTC) Price Analysis | Source: X">
  <figcaption>
   Bitcoin (BTC) Price Analysis | Source: X
  </figcaption>
 </figure>
</div>
<p>The chart also showed a recovery through an ascending channel before price reached about $87,000 and pulled back.</p>
<p>The chart placed Bitcoin’s 2025 peak above $110,000, where Kibar identified a broadening-top pattern. The price later fell below $100,000 and then $87,000. Those levels provide additional context for his current range analysis.</p>
<h2 id="h-bitcoin-etf-outflows-continue-through-november" class="wp-block-heading">Bitcoin ETF Outflows Continue Through November</h2>
<p><a href="https://www.thecoinrepublic.com/2025/03/19/spot-bitcoin-etfs-rebound-after-5-weeks-of-outflows/" rel="noopener noreferrer nofollow">Bitcoin spot ETFs</a> recorded $411.90 million in net outflows, equal to 5,420 BTC, by 7:50 a.m. November 7. The funds <a href="https://www.coinglass.com/etf/bitcoin" rel="noopener noreferrer nofollow">reported</a> $2.75 billion in daily trading volume and $100.38 billion in net assets. The cumulative net inflows stood at $56.15 billion, or 700,920 BTC.</p>
<p>Farside Investors showed that Bitcoin Spot ETFs has <a href="https://farside.co.uk/btc/" rel="noopener noreferrer nofollow">recorded</a> about $411 million in outflows on November 6. IBIT lost $403 million, while BITB, ARKB, and GBTC lost $20.5 million, $20.1 million, and $11.1 million, respectively.</p>
<p>FBTC recorded a $42.8 million inflow. On November 5, outflows totaled $430.2 million, led by FBTC at $199.9 million and IBIT at $105 million.</p>
<p>November 4 was the month’s only inflow day so far, with $74.6 million added. A chart covering January 2024 through October 2026 shows alternating daily inflows and outflows alongside Bitcoin’s price.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2026/11/07/bitcoin-price-risks-falling-to-60k-if-this-support-fails-analyst-says/" rel="noopener noreferrer nofollow">Bitcoin Price Risks Falling to $60K if This Support Fails, Analyst Says</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

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

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