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Bitcoin hovers near $76K amid weak momentum and $1.28B ETF outflows last week

Market News
07 Nov 2026, 12:08 WIB
Crypto news
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Bitcoin hovers near $76K amid weak momentum and $1.28B ETF outflows last week

Bitcoin's price edged above $76,000 on Nov. 7 but showed weak momentum with a daily RSI below neutral. The cryptocurrency remains close to a key weekly support level near its 50-week moving average at around $75,562. Despite a brief rally above $80,000 earlier in the week, Bitcoin retreated, with liquidation clusters forming around $76,500–$77,500 overhead. U.S. spot Bitcoin ETFs experienced significant outflows totaling $1.28 billion from Nov. 2 to Nov. 6, including $411.9 million withdrawn on Nov. 6 alone. Market analysts warn that if Bitcoin falls below the 50-week moving average, further weakness could follow, with some bearish projections suggesting a drop to $65,000 before a potential recovery.

Bitcoin price action is the subject, with Pluang market data providing context. As of Nov 07, 2026 15:41 WIB, 31 of 50 major cryptocurrencies on Pluang rose while 17 fell. Notable gainers include THETA at Rp2,693 with a 2.28% increase and 100% buy order activity, XTZ at Rp4,683 up 2.20%, and CRV at Rp4,740 up 2.13%.

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