Bitcoin price holds $76K as ETF outflows put $75K support in focus

Bitcoin has edged back above $76,000 on Nov. 7, but weak daily momentum and another $411.9 million in U.S. spot ETF withdrawals have left its recovery close to a key weekly support level. Summary Bitcoin traded near $76,070, with daily RSI below neutral at 38.78. The 50-week moving average near $75,562 sits just above the $75,000 weekly pivot. Liquidation clusters surround the market, with nearby overhead concentrations around $76,500–$77,500. U.S. spot Bitcoin ETFs lost approximately $1.28 billion across the Nov. 2–6 trading week. According to the daily price chart, Bitcoin traded at $76,070 at 09:31 UTC, up 0.30% during Saturday’s daily session. The price had moved between $75,790 and $76,250, a relatively narrow range after the week’s failed recovery above $80,000. Earlier this week, Bitcoin’s move above that threshold coincided with $378.09 million in hourly short liquidations, as crypto.news previously reported. By Saturday, the cryptocurrency was roughly 5.5% below the $80,470 price recorded during that rally. Bitcoin holds weekly support as daily momentum stays weak The weekly chart placed Bitcoin at $76,085, down 2.90% from its weekly opening price of $78,354. A high of $81...