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Bitcoin nears $73.9K with key support at $72.3K amid ETF outflows; $98K target conditional on support hold.

Technical Signals
11 Nov 2026, 10:35 WIB
Blockonomi
View Source
Neutral
Bitcoin nears $73.9K with key support at $72.3K amid ETF outflows; $98K target conditional on support hold.

Bitcoin is trading near $73,900 after a recent drop from over $82,000, with critical support identified at $72,300. Market analyst Giannis Andreou outlined two possible scenarios: a rebound above $72,300 targeting $98,000, or a breakdown leading to lower support zones between $62,800 and $69,000. The decline coincides with four consecutive days of net outflows totaling $95 million from U.S. spot Bitcoin ETFs, indicating reduced investor demand. While these ETF outflows add selling pressure, Bitcoin's next move depends on whether buyers can defend the $72,300 support level, with a potential recovery contingent on clearing $75,200 first.

Bitcoin trades at Rp1.333.247.300 on Pluang as of Nov 11, 2026 15:52 WIB, showing a 1.14% decline in the past day. Despite recent ETF outflows noted in the article, Pluang data shows buyers dominate with 76% of order activity. The typical hold time for Bitcoin investors on Pluang is 113 days, indicating a relatively long-term investment horizon.

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