Bitcoin price prediction: Is BTC headed below $74,400 support?

Bitcoin’s market outlook has deteriorated after US spot exchange-traded funds lost $1.28 billion in a week, while stronger employment figures and uncertainty over cryptocurrency legislation have added pressure on prices. Summary US spot Bitcoin ETFs recorded $1.28 billion in net outflows during the week ending November 6, pushing cumulative flows for 2026 into negative territory. BlackRock’s IBIT accounted for $1.21 billion in weekly withdrawals as weaker institutional demand and rising Treasury yields weighed on Bitcoin. Stronger US employment figures pushed expectations of a December Federal Reserve rate hike higher, adding pressure on cryptocurrencies and technology stocks. Bitfire Research identified $74,400 to $75,000 as Bitcoin’s immediate support zone, with a breakdown potentially exposing the market to further selling. Investors are awaiting the November 10 US inflation report and November 18 Fed meeting minutes for further indications of where interest rates could head. In its latest weekly market analysis shared with crypto.news, Bitfire Research said Bitcoin has entered a period of declining prices and uncertainty over where the market could find a bottom, with investors...