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Bitcoin tests $73,731 moving average as key support amid inflation and tech stock pressure.

Analyst Insights
11 Nov 2026, 01:20 WIB
Tokenpost
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Neutral
Bitcoin tests $73,731 moving average as key support amid inflation and tech stock pressure.

Bitcoin's price is testing the $73,731 200-day moving average, a critical level indicating whether its bull market remains intact. Analyst Joe Consorti sees the summer low as the cycle bottom despite recent declines driven by inflation concerns and pressure from technology stocks. He notes that a drop below the 200-week moving average near $67,000 would signal a bear market. While inflation and interest rate hikes are pressuring Bitcoin, Consorti argues that monetary tightening alone does not end a Bitcoin bull market, citing past cycles. The near-term outlook depends on tech sector performance and capital competition from new IPOs, with Bitcoin's recovery relative to equities being a key indicator.

Bitcoin's price action is highlighted here with Pluang market data as of Nov 11, 2026 06:21 WIB. For readers following cryptocurrency trends, 11 of 50 major cryptocurrencies on Pluang rose while 38 fell today. Notable movers include UNI at Rp120.189 with a 1-day change of -5.30% and a Pluang order activity of 14% Sell / 86% Buy, CRV at Rp4.488 down 4.49% with 87% Sell / 13% Buy, and XRP at Rp19.049 down 4.30% with 44% Sell / 56% Buy. The most notable figure is UNI's strong buy-side order activity at 86%.

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