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Bitcoin hits a rare buy signal as it nears its 200-week moving average amid market correction.

Technical Signals
13 Nov 2026, 22:01 WIB
Crypto Economy
View Source
Bullish
Bitcoin hits a rare buy signal as it nears its 200-week moving average amid market correction.

Bitcoin recently dropped to around $67,770, its lowest in 12 weeks, triggering a rare buy signal as it returned to its 200-week moving average and its daily RSI fell to 25, indicating oversold conditions. Analyst Vetle Lunde sees this as a buying opportunity rather than a reason to panic, noting reduced speculative positions with significant ETF outflows and low leveraged exposure. However, some caution remains as prices can stay pressured amid uncertain macroeconomic conditions. Institutional factors, like Grayscale's strong Bitcoin holdings, also influence market outlooks.

Bitcoin trades at Rp1.256.996.304 on Pluang as of Nov 14, 2026 03:22 WIB, down 3.38% in one day. The platform shows a strong buy interest with 67% of orders favoring buying. Typical holding time on Pluang is 113 days, indicating medium-term investor confidence despite recent price drops.

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