Bitcoin has fallen four straight weeks to about $76,500. Does it close below $74,000 before Nov 10?
Community missed this one โ 75% predicted YES.
Bitcoin did not close below $74,000 before Nov. 10, holding above that level even as it extended a multi-week slide. Daily price data shows bitcoin closed around $75,330 on Nov. 9 after dipping to an intraday low near $73,740 earlier that day, before buyers stepped back in. The cryptocurrency had fallen for four consecutive weeks amid a broader crypto selloff tied to risk-off sentiment in equity markets, large outflows from bitcoin exchange-traded funds, and fallout from a $6.3 billion hack at Binance in late October.
The decline had pushed bitcoin well off its highs for the year, and some analysts warned of further downside toward $69,000-$70,000 if key technical support gave way. Instead, buying interest emerged in the $74,000-$76,000 band, a zone several analysts identified as roughly the average cost basis for short-term holders, and the price stabilized rather than extending its losses through the $74,000 threshold on a closing basis.
The Predict Six community had put 75% odds on bitcoin closing below $74,000, substantially overestimating how far the slide would extend. The actual price action showed support holding just above that level through the resolution window, with intraday dips below $74,000 not translating into a daily close under it.