Description
Join Learning Crypto: https://www.learningcrypto.com/plans?utm_source=youtube&utm_medium=description&utm_campaign=2026-11-11-ta
People are freaking out about Bitcoin after five red weeks in a row, and I think these are amazing prices. A streak like this has only happened five times since 2014, so here's what Bitcoin did after every one of them, why this one is the shallowest of the lot at about 14% off the top, and the one line on the weekly chart, about $69,700, that decides whether this bull market is still alive.
Bitcoin is on day 85 above its 200-day average, but the gap is now only about $700. Bitcoin ETFs lost $1.28 billion last week, the worst week since June, and stablecoin supply just had its biggest 30-day drain since Terra collapsed in 2022. Oil has fallen 21% in 13 trading days, last Thursday Bitcoin fell 5.55% on the same day the Nasdaq fell 5.52%, traders put a 97% chance on a December rate hike, and MSCI decides today whether to drop Strategy from its indexes. Then the money supply chart that tells you why I'm not worried, my levels and three scenarios. This video is for long-term holders, not traders looking for a price call.
In this video
00:00 Five red weeks: what history says
00:46 Every 5-red-week streak since 2014
02:08 Bitcoin daily: day 85 above the 200-day
03:27 MSCI and Strategy
04:34 ETF selling and the stablecoin drain
05:57 Oil down 21% despite the Iran strikes
06:55 Bitcoin is trading like a tech stock
07:55 The Fed: 97% odds of a December hike
08:58 Record money supply
10:13 The weekly chart: the line that decides it
11:32 Three scenarios and the week ahead
12:28 Who Learning Crypto membership is for
12:43 What I'm doing now
Levels from this episode
Support: $73,100 (200-day), then $69,000 to $70,000 (200-week ~$69,700 and the August breakout)
Resistance: $75,500 (50-week), ~$79,000 (50-day), $81,080 (last week's high)
Data as of 11 November 2026. Sources: Yahoo Finance, TradingView, Farside, SoSoValue, DefiLlama, alternative.me, Kalshi, BLS, FRED, Reuters.
Mentioned in this video
Last week's TA, on the ETF selling: https://youtu.be/r6lR0JYu-so
Learning Crypto
Free weekly report: https://www.learningcrypto.com/report
Charts, on-chain data and the Satoshi Indicator: https://www.learningcrypto.com
Telegram news feed: https://t.me/LearningCryptoNews
Shop: https://shop.learningcrypto.com
Learning Crypto is run by Heidi and Toby, who have covered Bitcoin and self-custody on this channel since 2016. We hold Bitcoin. Nothing here is financial advice and we are not licensed advisors. Markets are volatile, do your own research, and never invest more than you can afford to lose. We will never message you first on any platform; anyone who does is not us.
#Bitcoin #BitcoinPrice #BitcoinAnalysis #BitcoinETF #SelfCustody