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Bitcoin falls near $75K as predicted correction linked to stock market weakness unfolds.

Analyst Insights
09 Nov 2026, 11:30 WIB
Bitcoin
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Bearish
Bitcoin falls near $75K as predicted correction linked to stock market weakness unfolds.

Bitcoin's price dropped to around $73,900, close to the $75,000 mark, following a predicted fourth-quarter correction tied to weakness in the stock market. Analyst Benjamin Cowen linked this decline to similar patterns seen in 2014, 2018, and 2022 during midterm election years, forecasting a potential bottom near $44,000 within the next two months. The Nasdaq and other indexes have shown significant declines, reinforcing Cowen's view that equities pressure bitcoin. Market watchers await upcoming U.S. inflation data and Nvidia earnings for further direction, while prediction markets suggest a moderate chance of bitcoin dipping to $70,000 this month.

Bitcoin's recent price slide is the subject, with Pluang market data as of Nov 09, 2026 16:01 WIB showing that among 50 major cryptocurrencies, 6 rose and 43 fell today. Notable movers include ONE (Harmony) down 27.43% at Rp28 with a typical hold time of 153 days and a Pluang order activity split of 51% Sell to 49% Buy, BAL (Balancer) up 11.14% at Rp16.297 with 85 days typical hold time, and EOS (EOS.IO) up 8.13% at Rp12.649 with 87 days typical hold time. The most notable figure is ONE's 27.43% decline.

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