BITCOIN: WE ARE REKT…………… [what now]

Bitcoin Market Outlook

Bitcoin was trading around $68,000 after a sharp decline. The presenter had previously identified $76,000 as a key level:

• A bounce from $76,000 could support a move higher.
• A weekly close below $76,000 could open the way to $72,000 and then $66,000.

The presenter said Bitcoin had closed the week below $76,000 and described the decline toward the mid-$60,000s as consistent with that conditional scenario—not as a prediction that the drop was certain.

Looking ahead, the presenter viewed roughly $65,000–$66,000 as a possible support area and as their personal worst-case level for the decline. They suggested the current drop might be the worst of the fall, while acknowledging they could be wrong.

Method and Technical Levels

• Weekly chart: Watch for a close below the key level.
• $76,000 threshold: The presenter’s downside levels below it were $72,000, followed by $66,000.
• Monthly chart: Prior resistance had later acted as support twice and could provide support again around $65,000–$66,000.
• “Moon band” indicator: Also pointed toward the mid-$60,000s, though the presenter considered it less important than the chart structure.

The presenter framed these levels as a personal scenario and emphasized uncertainty. No explicit “not financial advice” disclaimer was stated.

Assets and Source

Assets/instruments mentioned: Bitcoin (BTC), cryptocurrency market.

Presenter/source: The unnamed presenter on MMCrypto, referring to their own prior video and November 5 social media posts. The sign-off also mentions Crypto RUs.