Bitcoin hits three-month low as fear index drops to 20 amid inflation and Fed worries
MARKETSBitcoincoinbrief/daily · 1 source
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What happened
BTC briefly printed around $67,600, a three-month low, before recovering to about $69,300 per CoinGecko, a roughly 10% weekly decline. The Fear and Greed Index dropped to 20 on 13 November, its lowest since early June. Drivers cited include hotter-than-expected US inflation raising the odds of a Fed hike next month, and Nvidia's slide after Jensen Huang's resignation. Bearish flow signals include whales distributing 34,000 BTC (about $2.6bn) in a week and heavy spot BTC ETF outflows. Bulls point to the 2022-2023 analogue, with a weekly close below $60K cited as the invalidation level.
For experienced traders · Written by AI from 1 source · Wrong?
What to do
- Watch whether Bitcoin holds above the $60,000 level that one X user named as a key line for his bullish view.
- Watch the Fed's next rate decision, which the article says could include a rise.
- Watch spot BTC ETF flows to see whether institutional outflows continue.
Written by AI from the sources, checked against them
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Who reported · 1 outlet
CryptoPotato
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