Bitcoin Technical Analysis: $72.7K Support Faces a $79K Reclaim Test Bitcoin enters 11 November at the lower edge of its recent range, with the completed 10 November candle closing at $73,796 after sellers pushed price to $72,727. The structure is fragile because that close sits below the 20 day exponential moving average at $77,796, the 50 day average at $79,104 and the 200 day average at $76,560. Buyers are attempting a rebound during the current session, but the first technical question is not whether Bitcoin can bounce from support. It is whether that bounce can recover the moving average cluster and remain above it after the daily close. The immediate contest is therefore compressed into two areas. The floor begins around $72,700 and extends toward the psychological $70,000 level. The first resistance sits near the 200 day average at $76,560, followed by the heavier $77,800 to $79,100 band. As long as price remains below that stack, the recovery is vulnerable to another rejection. A completed close below $72,700 would instead confirm that sellers have converted a support test into a new bearish expansion. Bitcoin has lost the structure that supported the advance from August into September. The market accelerated from the low $60,000 region, broke above $75,000 and reached $87,396... 🔗 Continue Reading on Block2Learn: https://t.co/MmPAVfExjd