News report ₿ Crypto 🌍 GLOBAL

Bitcoin Slips Below $68K as Nvidia CEO Resignation Rattles Global Markets

Bitcoin tests its 200-week moving average at $67,993 as analyst Keith Alan warns that a weekly RSI drop below 41.5 could signal a decline to $57,700, while global markets react to leadership instability at Nvidia.

📅 November 13, 2026 🕐 1 min read

4 assets impacted (Stocks, Crypto). Net bias: 0 Bullish, 4 Bearish, 0 Neutral. Strongest signal: NVDA ↓ 6/10 (55% confidence).

📊 Affected Assets (4)

NVDA

Bearish 🤖 55%

📅 Short-term 🌍 US · Explicit

Jensen Huang resigned as Nvidia CEO and exited its board amid ongoing controversy, an extraordinary leadership loss that drove Asian chip-exposed markets lower on Friday. The shares plunged in Asia hours while Nvidia was 0.7% higher pre-market in the US on reports of growing support for his return, leaving the net direction uncertain but the shock material.

Catalysts

▼ Jensen Huang's resignation as CEO and board exit
▼ Reports of growing support for Huang's return, with an internal post drawing more than 1,600 employee comments

Risk Factors

▲ Shares were 0.7% higher pre-market amid calls to reinstate Huang
▲ Analysts see capital redistribution into Nvidia's competitors, preserving the AI trade

BTC

Bearish 🤖 60%

📅 Short-term 🌍 GLOBAL · Explicit

Bitcoin fell to $67,500 on Friday, slipping below its 200-week simple moving average at $67,993 for the first time since mid-August. Analyst Keith Alan warns that losing 41.5 on the weekly RSI opens the door to a test of the cycle low at $57,700, while a successful defence would be bullish. The breach of a multi-month support level tilts the near-term risk to the downside.

Catalysts

▼ Weekly close versus the 200-week SMA at $67,993
▼ Weekly RSI holding or losing the 41.5 level

Risk Factors

▲ The 200-week SMA has historically acted as support and preceded sharper rallies when decisively reclaimed
▲ Holding the support zone would carry bullish implications per the analyst

NDX

Bearish 🤖 60%

⚡ Intraday 🌍 US · Explicit

US stock-market futures fell slightly, with Nasdaq 100 futures down 0.2% on Friday as Asian markets sold off on the Nvidia CEO resignation. Analysts note a rotation into other advanced chip design companies that preserves the AI trade, which limits the downside but leaves the index under pressure in the near term.

Catalysts

▼ Nasdaq 100 futures down 0.2% after Jensen Huang's resignation
▼ Rotation of capital into Nvidia's competitors

Risk Factors

▲ The rotation into other chip design companies preserves the AI trade rather than unwinding it

HSI

Bearish 🤖 70%

⚡ Intraday 🌍 HK · Explicit

Hong Kong's Hang Seng finished Friday down 1.55% as Asian markets reacted to the Nvidia CEO resignation and controversy. The decline is already realised on the day, and the outlook for coming sessions depends on whether the leadership shock at Nvidia extends into further risk-off selling.

Catalysts

▼ Hang Seng closed down 1.55% on Friday amid the Nvidia CEO resignation controversy

Risk Factors

▲ Possible reinstatement of Jensen Huang could calm markets
▲ Rotation into other chip companies preserves the AI trade

🧭 Full analysis of these assets

🎯 Key Takeaways

Bitcoin touched $67,500 on Friday, falling below the 200-week simple moving average of $67,993.
Analyst Keith Alan warns that if the weekly RSI falls below 41.5, Bitcoin could test a cycle low of $57,700.
The Hang Seng Index closed 1.55% lower on Friday following the resignation of Nvidia CEO Jensen Huang.
Nasdaq 100 futures fell 0.2% as investors rotated capital into Nvidia's competitors.

📝 Executive Summary

Bitcoin fell to $67,500 on Friday, dipping below its 200-week simple moving average of $67,993 for the first time since mid-August. The decline coincides with broader market volatility triggered by Jensen Huang's resignation as Nvidia CEO, which saw the Hang Seng index drop 1.55% and Nasdaq 100 futures slide 0.2%.

❓ FAQ

NVDA · Did Nvidia stock fall after Jensen Huang resigned?

Shares plunged in Asia trading, but US pre-market trading showed Nvidia 0.7% higher amid reports of growing support for Huang's return.

BTC · Why is the $67,993 level important for Bitcoin?

It is the 200-week simple moving average, a line that has marked Bitcoin's cycle lows and acted as support or resistance in past bear markets; Bitcoin fell below it on Friday to $67,500.

BTC · How low could Bitcoin go if support fails?

Analyst Keith Alan says that if the weekly RSI loses 41.5, the door opens to a test of the cycle low at $57,700.

NDX · How did Nasdaq 100 futures react to the Nvidia news?

They fell 0.2%, though analysts noted money rotating into other advanced chip design companies, keeping the AI trade intact.

HSI · How much did the Hang Seng fall?

It finished Friday down 1.55% amid the market reaction to Jensen Huang's resignation as Nvidia CEO.

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