BTC dips as seller pressure weighs on attempts to stabilize price

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Bitcoin slides 1.06% today to $67,273

Highlights

Spot Bitcoin ETFs collectively hold about $93.70 billion, or 1.25 million BTC, backed by $55.10 billion in net inflows.
The U.S. Treasury is developing a new custody framework for its Bitcoin reserves of 198,000 to over 328,000 BTC.
BTC trades below key moving averages with strong bearish momentum, facing high probability of further downside toward $64,998 to $69,204.

Institutional inflows offset by selling and treasury custody plans

Spot Bitcoin ETFs collectively held about $93.70 billion, or 1.25 million BTC, as of November 13, 2026, with $55.10 billion in cumulative net inflows, according to Yahoo Finance. This substantial institutional allocation has provided significant liquidity, though it has not been sufficient to counterbalance ongoing selling momentum in the asset. Separately, the U.S. Treasury is developing a new custody framework for its Bitcoin reserves, estimated between 198,000 and over 328,000 BTC, which may influence the security and management of government-held assets, as reported by Cryptobriefing.

Bearish momentum sustained as technicals reinforce downside bias

BTC is trading below the MA-20, MA-50, and MA-200, reflecting sustained downside momentum across short-, medium-, and long-term timeframes. The Ichimoku Kijun level at $68,471 is currently acting as immediate resistance, while support is delineated at $64,998. MACD and ADX are both signaling a bearish setup, and momentum oscillators RSI, Stoch RSI, and CCI all remain in their respective oversold zones, suggesting pronounced selling but not yet a clear reversal. Bull/Bear Power registers a strong negative value at -1,201, indicating sustained seller dominance, and the Awesome Oscillator confirms alignment with the prevailing downtrend.

Low upside odds as price bands signal further downside risk

Over the next 2–3 trading days, BTC is likely to trade within the band of $64,998 to $69,204, consistent with recent volatility patterns. The probability of an upward move is rated as very low, while a further decline is considered highly probable, with bearish pressure expected to prevail. Should BTC remain range-bound, price action may consolidate within current support and resistance levels; a break above the $68,471 Kijun level could offer a short-term rebound, whereas a move below $64,998 would indicate an acceleration of downside momentum.

Anton Kharitonov, expert at Traders Union, sees strong institutional inflows into spot Bitcoin ETFs, but notes these have not reversed the downward momentum. He points out that technical indicators remain decisively bearish, with BTC below key moving averages and multiple momentum signals in oversold territory. The analyst believes government custody developments may support long-term confidence but do not improve the near-term setup. "Unless Bitcoin can reclaim $68,471, I remain cautious and expect continued weakness."

Earlier, analysts noted that Bitcoin had experienced a sharp sell-off driven by widespread liquidations and increased fundamental pressures. The current sustained downside momentum, despite substantial institutional allocation via spot ETFs, suggests traders should monitor for a decisive move below the $64,998 support that could accelerate further losses.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.