Bitcoin tests its 200-day moving average after losing the $80,000 zone

Bitcoin traded at about $73,600 on Wednesday evening, down 1.3% in 24 hours, according to CoinGecko. The bitcoin 200-day moving average sits near $73,100 by our calculation from CoinGecko daily closes, so the price sits on the line. The line averages the last 200 daily closes, and while the price holds above it the long-term trend stays up.

How the $80,000 floor gave way

In the last week of October bitcoin closed between $80,000 and $81,300 every day. On 30 October, the day after the Binance hack, it closed at $77,839. Since then it has closed above $80,000 once, on 5 November, at $80,443.

Selling came from two sides. Spot bitcoin ETFs lost $95 million on 10 November after $201 million a day earlier, the ETF outflows we covered this morning. October CPI in the US rose 0.4% against a 0.3% forecast, and core prices rose 0.3% against 0.2%.

“For Bitcoin, higher yields and a stronger dollar could add to recent selling pressure.”

— Lewis Huang, Bitget, The Block, 10 November 2026

Quote source: The Block, 10 November 2026.

Huang called the 200-day average a key support level to watch. Matt Mena of 21Shares told The Block that a sustained break below $73,000 could send bitcoin toward $69,000, close to its 2021 cycle high.

Options traders are hedging too. Marc des Ligneris of CoinShares told crypto.news that the one-month 25-delta skew has risen again, so investors still pay more for puts than for calls. Paul Howard of Wincent told The Block that without a shift in monetary policy, clear regulation or institutional inflows, bitcoin is more likely to drift lower than rally to $100,000.

Stablecoin supply, the cash that usually funds spot buying, fell 4.57% in 30 days to $289.81 billion on 10 November, DefiLlama data shows.

What a reversal would need

A single bounce off the line is too little to call a reversal. By our calculation the 50-day average sits near $81,400 and the 100-day near $77,500, both above the price. The 50-day line still runs above the 200-day one, so the two have not formed the crossover traders call a death cross, but the gap has narrowed to about $8,300. Bitget Wallet researchers told crypto.news that bitcoin has to reclaim and hold $80,000 to show stronger demand.

Since 2010 November has been bitcoin's strongest month, with a mean return of 34.4% and a median of 8.6%, The Block noted. This November bitcoin has lost about 5% from its 31 October close of $77,275.

If you plan to buy, wait for daily closes above the 200-day line and then a move past $77,500, the 100-day average. A daily close below $73,000 would put $69,000 in play. You can follow the bitcoin price and its 7-day chart on our coin page.

Moving averages describe past prices and do not predict the next move. The levels here come from analysts and our own calculation, and none of it is a recommendation to buy or sell.