Bitcoin (BTC/USD) Technical Analysis: Downtrend Below S2

Daily outlook Bearish bias Nov 13, 2026, 08:03 UTC

Marcus ReedTechnical Analysis Lead · ForexR analyst

Bitcoin (BTC/USD) is at 68802.93, down 3.75% on the day between S3 at 66899.81 and S2 at 69014, with daily, H4 and H1 trends aligned down.

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Price68,802.93

Day change-3.75%

Day range67,537.74 - 71,465.81

ATR (14)2,359.32

Resistance	Level	Support	Level
R3	76,950.68	S1	70,250.10
R2	75,714.58	S2	69,014.00
R1	73,600.39	S3	66,899.81
Previous day high	74,478.48	Previous day low	71,128.19
20-day high	81,876.74	20-day low	71,128.19
Daily pivot 72,364.29. Data as of 2026-11-13 06:44 UTC; price from a live feed, levels computed from the previous completed daily bar.

Bitcoin (BTC/USD) 1-hour chart with the daily pivot at 72,364.29, R1 73,600.39, R2 75,714.58, S1 70,250.10, S2 69,014.00 and the bullish and bearish scenario paths — Bitcoin (BTC/USD), 1-hour candles with the daily pivot levels, the range between nearest support and resistance, and both scenario paths. Data as of 2026-11-13 06:44 UTC.

Where Bitcoin (BTC/USD) stands now

Bitcoin (BTC/USD) last printed at 68802.93 in the Asia session, down 2683.27 or 3.75% on the day from the previous close at 71486.2. Price sits between S3 at 66899.81 and S2 at 69014, and the daily, H4 and H1 trends all point down. Nearest resistance is S2 at 69014, 211.07 dollars away; nearest support is S3 at 66899.81, 1903.12 dollars away.

The live Bitcoin (BTC/USD) rate shows a day high at 71465.81 and a day low at 67537.74. The day's range is 3928.07 dollars, equal to 166% of the 14-period ATR at 2359.32. London opens at 07:00 UTC.

Trend and momentum

The daily trend is down. Price is below the daily EMA200 at 76138.75, below the daily EMA20 at 76726.09, and below the daily EMA50 at 78504.02.

The H4 trend is down, with the H4 EMA20 at 72617.7 and the H4 EMA50 at 74422.16. The H1 trend is down, with the H1 EMA20 at 70738.72 and the H1 EMA50 at 72152.13. Last price is below both H4 averages and both H1 averages. The three timeframes agree.

Daily 14-period RSI is 31.2. Over five days Bitcoin (BTC/USD) is down 9.05%. Over twenty days it is down 15.44%.

Levels that matter

S2 at 69014 is the nearest resistance. S3 at 66899.81 is the nearest support. The round number at 69000 sits just above the last print, and the round number at 68000 sits below it.

The daily pivot is at 72364.29, with R1 at 73600.39, R2 at 75714.58 and R3 at 76950.68. On the support side, S1 is at 70250.1, S2 at 69014 and S3 at 66899.81. Price is already below the daily pivot, below S1 and below S2, and still above S3. A guide to how pivot points work maps those roles against the last print.

Yesterday's high is 74478.48 and yesterday's low is 71128.19, with yesterday's range at 3350.29 dollars. The 5-day high is 76092.28 and the 5-day low is 71128.19. The 20-day high is 81876.74 and the 20-day low is 71128.19.

Bullish scenario and bearish scenario

A break above R1 at 73600.39 would open the way to R2 at 75714.58, a 2114.19 dollar span from trigger to target. A move back below the daily pivot at 72364.29 would invalidate that view.

On the other side, a break below S3 at 66899.81 would open the way to the next round number at 66000, 899.81 dollars from that trigger. A move back above the daily pivot at 72364.29 would invalidate that path.

What could move it today

Today at 13:30 UTC the United States publishes Producer Price Index ex Food & Energy (YoY), previous 5, estimate 5, a high-impact release, together with Producer Price Index (MoM), previous 1.3, estimate 0.4; Producer Price Index ex Food & Energy (MoM), previous 0.7, estimate 0.3; and Producer Price Index (YoY), previous 6.3, estimate 6.6. Fed's Bowman speech is due today at 15:50 UTC and Fed's Daly speech today at 17:00 UTC. Tomorrow, Fed's Jefferson speech is listed at 00:00 UTC. The guide to using an economic calendar places those UTC stamps against the hours that follow the Asia session.

Blockonomi and Tokenpost have been writing about crypto liquidations, Blockonomi and The Block about Bitcoin below 69000, and The Block also cited Nvidia turmoil and jitters around the Fed.

As of the week to November 3, large speculators were net long Bitcoin (BTC/USD); speculators reduced net long Bitcoin (BTC/USD).

News volume was 121% of its 90-day average. The opportunity read was bearish at -84.

Bottom line

Bitcoin (BTC/USD) is at 68802.93 in Asia, down 3.75% on the day, between S3 at 66899.81 and S2 at 69014, with daily, H4 and H1 trends all down.

A break above R1 at 73600.39 would open the way to R2 at 75714.58, while a break below S3 at 66899.81 would open the way to 66000; either path is invalidated by a return through the daily pivot at 72364.29.

The day's range is already 166% of the 14-period ATR at 2359.32, with US PPI due today at 13:30 UTC and London due at 07:00 UTC.

FAQ

Where is Bitcoin (BTC/USD) trading versus the daily pivots?

Last price is 68802.93, between S3 at 66899.81 and S2 at 69014. S2 at 69014 is the nearest resistance and S3 at 66899.81 is the nearest support. Price is already below the daily pivot at 72364.29 and below S1 at 70250.1.

Do the daily, H4 and H1 charts agree on Bitcoin (BTC/USD)?

Yes. The daily, H4 and H1 trends are all down. Price is below the daily EMA200 at 76138.75, and daily 14-period RSI is 31.2.

What US events are on the Bitcoin (BTC/USD) calendar today?

Today at 13:30 UTC the US releases Producer Price Index ex Food & Energy (YoY), previous 5, estimate 5, plus related PPI prints. Fed's Bowman speaks today at 15:50 UTC and Fed's Daly today at 17:00 UTC. Tomorrow, Fed's Jefferson speech is listed at 00:00 UTC.

What would open a bullish or bearish path in BTC/USD from here?

A break above R1 at 73600.39 would open the way to R2 at 75714.58; a move back below the daily pivot at 72364.29 would invalidate that view. A break below S3 at 66899.81 would open the way to 66000, with the same daily pivot as invalidation.