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Bitcoin drops 11% below its 200-day average, signaling potential further decline before recovery.

Technical Signals
15 Nov 2026, 21:18 WIB
CryptoTicker
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Neutral
Bitcoin drops 11% below its 200-day average, signaling potential further decline before recovery.

Bitcoin's price fell about 11% below its 200-day moving average, with the Mayer Multiple dropping to 0.88, a level seen annually but not necessarily a buy signal. Historically, after such dips, Bitcoin often experiences a further median decline of 15.5% before recovering, with 12 of 19 past cases showing gains after 90 days. Key levels to watch are the intraday low around $61,947 and the 200-week moving average near $67,973, which could indicate the next trend direction. Investors using leverage should be cautious as liquidation prices are close to recent lows, and the overall market sentiment remains weak.

Bitcoin price prediction is the subject, with Pluang market data as context for readers. As of Nov 16, 2026 01:31 WIB, among 50 major cryptocurrencies on Pluang, 16 rose and 33 fell. Notable movers include BAL at Rp16.297 with an 11.14% increase, EOS at Rp12.649 up 8.13%, and FIL at Rp10.997 down 5.65%, with FIL showing a strong buy order activity of 97%.

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