Bitcoin has broken through the critical 75000.00 support level, triggering an accelerated bearish impulse wave. Market sentiment remains negative following the departure of Jensen Huang as Nvidia CEO and the upcoming removal of Strategy from MSCI indexes on 30 November. Analysts now eye further declines toward 70000.00 and 68000.00, with the Federal Reserve decision on 9 December serving as the next major catalyst.
Bearish
🤖 55%
Bitcoin broke the key support zone at 75000.00, accelerating a bearish impulse wave, with downside targets at 70000.00 and 68000.00. Selling intensified after Jensen Huang stepped down as Nvidia CEO and MSCI confirmed Strategy's removal from its indexes on 30 November. A daily close above 75000.00 would cancel the bearish scenario, limiting conviction.
Catalysts
- ▼ Break of key support at 75000.00 opening the path to 70000.00 and 68000.00
- ▼ MSCI removal of Strategy from its indexes effective 30 November
Risk Factors
- ▲ If 70000.00 holds, a corrective rebound toward 75000.00 is possible
- ▲ A daily close above 75000.00 would invalidate the bearish outlook