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This is the archived brief for November 7, 2026: price and forecast as of that morning. Open today’s
Saturday, November 7, 2026

Bitcoin on November 7, 2026: daily brief and outlook

Overnight brief · Nov 7, 12:43 AM ET · price at release $76,023Two briefs a day: overnight at 12:30 AM ET and in the morning at 9:00 AM ET, half an hour before the US stock market opens

Overnight, as of 12:43 AM ET Saturday, Bitcoin traded near $76,000, up 0.7% over 24 hours in a $74,888⁠–⁠76,378 range: after Thursday's rout the price steadied at its 50-week average of $75,559, though the day's low set a fresh 30-day low.

  • Base case for the next 24 hours is sideways at $74,800⁠–⁠77,500 (55%): US markets are shut for the weekend, spot volume nearly halved, and Polymarket's median for Sunday is $76,129.
  • The headwinds are ETF outflows ($412M on Friday) and December Fed hike odds climbing to ~80% after a hot jobs report.
Price when the brief was released
$76,023
Nov 7, 12:43 AM ET

Bitcoin price prediction for November 7, 2026

Three scenarios for the day with probabilities. Recorded in the morning and never edited: checked against the close in the Accuracy section.

base case
Sideways
$74,800–$77,500
55%
55%
25%
20%
Resistance
$76,800
$77,900
$79,700
Support
$75,500
$74,900
$73,200
Sideways · 55%
$74,800–$77,500

It's the weekend: US markets are shut, spot volume nearly halved, and a DVOL of 39.2 implies roughly ±$1,560 a day. Polymarket's Nov 8 median of $76,129 with a $75,007⁠–⁠77,123 interquartile range matches the band. Price is holding the 50-week average ($75,559), Strategy's cost basis ($75,451) and the short-term holder cost basis ($75,789); leverage has been flushed (squeeze index −3), with the 200-day EMA at $76,815 overhead.

Pullback · 25%
$72,000–$74,800

The $74,888 low is a fresh 30-day low, MACD is negative, ETFs have bled $410⁠–⁠430M on each of the last two days, stablecoins are leaving, and December hike odds have climbed to ~80%. Retail is piling back into longs (75.8% of accounts), so a break of $74,900 in thin weekend liquidity could run stops toward the 200-day SMA at $73,243 and $72,000.

Breakout · 20%
$77,500–$80,000

Extreme Fear (25) is a typical bounce zone, fractals point higher (two-week window: 4 of 6 cases, median +5.3%), coins are leaving exchanges and a whale bought 3,009 BTC. Friday's AI-stock bounce and Trump's backing of the sector could lift price back above the 200-day EMA ($76,815) toward the $77,500⁠–⁠78,000 max-pain levels of upcoming expiries.

What to watch today
  • Today 08:00 UTC (3:00 AM ET): 5,903 BTC options expire on Deribit, max pain $77,500
  • Whether the 50-week average ($75,559) and the $74,888 low hold in thin weekend trading
  • Daily close at 7:00 PM ET (00:00 UTC) and the weekly close Sunday night, Nov 8
  • Weekend comments from Fed officials and Democrats on AI data-center rules
  • Tuesday, Nov 10, 8:30 AM ET: October CPI
  • Difficulty adjustment around Nov 13 (est. −3.8%) and the Nov 13 expiry (33,337 BTC, max pain $78,000)
This is not investment advice. The forecast is recorded at release and never edited: 24 hours later it is checked in the “Accuracy” section.

Daily brief

Nine topics, three key facts each. Every fact links to its primary source.

1Price and market

  • As of 12:43 AM ET, Bitcoin traded near $76,000: +0.7% over 24 hours, −2% over 7 days and −7% over 30 days; the 24-hour range was $74,888⁠–⁠76,378.Binance
  • The 24-hour low of $74,888 is a new 30-day low; the weekly high was $81,196, so BTC gave up as much as 7.8% from the peak this week.Binance
  • BTC/USDT spot volume on Binance was 15,400 BTC (about $1.17B) over 24 hours versus 26,800 BTC the day before: selling has run out of steam and the market has shifted into weekend mode.Binance
5 more facts
  • On Nov 6 Bitcoin reclaimed $76,000 after dipping to $75,200 on Thursday evening; liquidations in the 24 hours to Friday morning totaled about $1.26B, $1.12B of it longs.Crypto
  • On Nov 6 Ether dropped about 8% to $2,222, Solana to $89 and XRP to $1.18: altcoins fell harder than Bitcoin.The Block
  • Bitcoin's market cap is $1.53T, total crypto $2.57T (−2.5% in 24 hours); BTC dominance is 59.3%, ETH 10.7%.CoinGecko
  • BTC sits 39.8% below its $126,080 record (Oct 6, 2025) and is down 25.5% year over year.CoinGecko
  • The Coinbase premium is −0.007%, essentially flat: US buyers aren't buying the dip, but they aren't selling harder than the rest of the world either.Coinbase

2Technical analysis

  • Daily RSI(14) is 38.6: weak, with room left before oversold (30).Binance
  • MACD at −1,463 is below its signal line at −1,141; the histogram is −322 versus −346 a day earlier: downside momentum persists but has stopped accelerating.Binance
  • Price is below the 20-day EMA ($78,917), 50-day EMA ($79,677) and just under the 200-day EMA ($76,815): the nearest resistance is the 200-day EMA, $800 overhead.Binance
5 more facts
  • The 50-week moving average is $75,559 and price has held it for a third day; a weekly close below it Sunday night would weaken the picture.Binance
  • The 200-day simple moving average is $73,243 and the Mayer Multiple is 1.04 (50th percentile historically): price is 4% above the long-term trend.CoinLab
  • The 200-week moving average is $67,651, with price 12.4% above it; the Pi Cycle ratio is 0.5, far from overheating.CoinLab
  • Fractals: the two-week stretch (−6.3%) resembles 6 historical episodes, 4 of which were followed by gains (median +5.3%); the 50-day window shows a median +2.9% (4 of 6), the six-month window +26.5% (6 of 6).CoinLab
  • Polymarket's median for Nov 8 (17:00 UTC) is $76,129 with an interquartile range of $75,007⁠–⁠77,123 and 52.7% odds of trading above the current price: bettors expect a range, in line with our base case.Polymarket

3Derivatives

  • Open interest in Binance BTC futures is 95,616 BTC ($7.27B): +0.8% in 24 hours and −2.5% over the week — after the flush, traders have stopped cutting leverage.Binance
  • Binance funding is 0.0026% per 8 hours (2.9% annualized), below the 30-day average of 0.0059%: appetite for leveraged longs has cooled.Binance
  • Funding elsewhere: Bybit 0.0041%, OKX 0.0018%, Hyperliquid 0.01% per 8 hours — positive everywhere, shorts aren't paying longs.Bybit
5 more facts
  • Binance perps trade slightly below spot: mark price $75,986 versus the $76,024 index — a slight edge for sellers in derivatives.Binance
  • Binance's account long/short ratio rose to 3.13 (75.8% long), top traders at 2.09: retail keeps adding longs while bigger players stay cautious.Binance
  • The taker buy/sell ratio is 0.975: market sellers are slightly stronger than buyers.Binance
  • Our squeeze index is −3 (versus −23 on Friday morning): there's almost no skew, and the metrics agree only weakly (29%).CoinLab
  • Binance liquidations over the past few hours are small — about $12M in longs and $5.7M in shorts: the forced-selling wave has passed.CoinLab

4Options

  • Today at 08:00 UTC (3:00 AM ET), 5,903 BTC of options expire on Deribit with max pain at $77,500 and a put/call of 0.58: a small expiry with little price impact.Deribit
  • The next big expiry is Nov 13: 33,337 BTC, max pain $78,000, put/call 0.68.Deribit
  • The Nov 27 monthly expiry holds 71,507 BTC with max pain at $80,000; the Dec 25 quarterly holds 140,381 BTC with max pain at $75,000.Deribit
3 more facts
  • The DVOL volatility index is 39.2 versus 40.6 a week ago: options price in a daily move of about ±2% (±$1,560).Deribit
  • The put/call ratio across all open interest is 0.69; total open interest is 344,799 BTC ($26.2B).Deribit
  • Nov 27 skew is −4.2 (−5.8 a day earlier): puts still cost more than calls, but demand for downside protection has eased.Deribit

5ETFs and institutions

  • Spot Bitcoin ETFs lost $411.9M on Nov 6, a second straight day of outflows: IBIT −$403M, BITB −$20.6M, ARKB −$20.1M, GBTC −$11.1M; only FBTC took in money (+$42.8M).Tokenpost
  • The day before, Nov 5, outflows were $430.2M; over the first five trading days of November the funds have lost about $1.28B.Crypto
  • Cumulative net inflows into spot Bitcoin ETFs stand at $55.7B with $95.9B in assets (6.28% of Bitcoin's market cap); IBIT alone holds $60.3B.Tokenpost
4 more facts
  • Ether ETFs lost $93.3M on Nov 6 and $365.2M over five straight days; Solana ETFs posted their first November outflow on Nov 5 (−$1.2M).Coinotag
  • Strategy holds 849,327 BTC at an average cost of $75,451, so Bitcoin trades just 0.8% above the company's cost basis; its latest buy was 811 BTC between Oct 26 and Nov 1.The Block
  • 181 public companies hold 1.30M BTC (6.2% of supply) worth about $98.8B; the largest after Strategy are Metaplanet (44,000 BTC) and Twenty One (43,514 BTC).CoinGecko
  • AI and chip stocks bounced on Nov 6 (AMD +11%, Intel nearly +7%, Micron +5%, Nvidia +2.8%), easing some pressure on miners that pivoted to AI data centers.Upi

6Sentiment and on-chain

  • The Fear & Greed Index is 25 (Extreme Fear), versus 28 a day ago, 30 a week ago and 64 a month ago.alternative.me
  • CoinLab's market temperature is 28 out of 100: across eight metrics, the market sits in the cold zone of the cycle.CoinLab
  • MVRV is 1.42 (as of Nov 2), the 33rd percentile historically: holders are in modest profit on average.Coinmetrics
5 more facts
  • The short-term holder cost basis is about $75,789 (as of Oct 31): price is sitting right on it, so recent buyers are roughly breakeven.Bgeometrics
  • On Nov 6 a whale dormant for over a year bought 3,009 BTC (about $228M), per Lookonchain, and another 1,286 BTC (~$98M) was withdrawn from Binance.Blockonomi
  • About 11,000 BTC left exchanges on net on Nov 5: coins are moving to cold storage, though analysts say rising funding argues against reading too much into it.CryptoQuant
  • CryptoQuant's 30-day apparent demand for Bitcoin is about −160,000 BTC, and the 30-day spot net volume delta on Binance and Coinbase turned negative by Nov 5.Crypto
  • Stablecoin supply is $294.1B: −2.2% over the week and −4.8% (about $15B) over 30 days — no fresh money is coming into crypto.Defillama

7Mining

  • Hashrate is about 1,021 EH/s; difficulty is 148.4T.mempool.space
  • The next difficulty adjustment is around Nov 13 (in 850 blocks), estimated at −3.8%; the previous one was +5.5%.mempool.space
  • Fees are minimal: 3 sat/vB for fast confirmation, 1 sat/vB within an hour.mempool.space
3 more facts
  • Block height is 974,894, with 75,106 blocks to the halving (roughly April 2028).mempool.space
  • VanEck called miners oversold on Nov 5: shares of those that pivoted to AI data centers fell 35% on average in October, while their grid connections remain scarce.CoinDesk
  • On Nov 4 Bernstein cut price targets for seven miners by up to 54%, citing risk to Texas data-center buildouts after the election.CoinDesk

8Macro

  • On Friday the Nasdaq gained 1.1% to 24,579 and the S&P 500 0.3% to 7,377, while the Dow fell 0.5% to 51,286; for the week the S&P 500 lost 2.7% (its worst week since April 2025) and the Nasdaq 3.4%, with all three indexes down for a fourth straight week.Upi
  • President Trump defended the AI industry on Friday and pledged support for its growth, as markets fear post-election Democrats will curb data-center construction.Upi
  • October payrolls came in hot: +165K jobs versus a 59⁠–⁠65K forecast, unemployment at 4.1%, wages +0.4% month over month and +3.1% year over year.CNBC
7 more facts
  • After the data, CME FedWatch odds of a Dec 9 rate hike returned to ~80% (from ~67% on Thursday); Polymarket has a hike at 76.5% and a hold at 21.5%.Beinsure
  • San Francisco Fed President Mary Daly said on Nov 6 that further hikes are likely despite a 'painful' tech selloff; Cleveland Fed President Beth Hammack backed gradual hikes on Nov 5.CNBC
  • The 2-year Treasury yield rose 5 bp to 4.51% and the 10-year 2 bp to 4.86% (Nov 6): tighter money weighs on risk assets.Treasury
  • The dollar index (DXY) is 102.3 (+0.7% on the day), gold $4,075 (−0.9%, but +4.5% over 5 days), oil $90.8 (−12.8% over 5 days).Yahoo Finance
  • The VIX is 25.6: −9% on Friday but +32% for the week — fear in equities remains elevated.Yahoo Finance
  • Asia closed Friday in a rout: the Nikkei and Kospi fell 6% (the Nikkei's worst day since April 2025) and the Taiex 4.5%; Asian markets are closed Saturday.Cnn
  • The week's key event is October CPI on Tuesday, Nov 10, at 8:30 AM ET: forecasts call for +0.28% month over month headline and +0.21% core.FXStreet

9Regulation and events

  • House Democrats are reportedly rewriting the CLARITY Act to give the SEC more power, shrink the CFTC's role and add ethics limits on crypto activity by the President and officials.Benzinga
  • The SEC has 2 of 5 commissioners and the CFTC 1 of 5 (Chairman Michael Selig), who is prepared to finalize prediction-market and derivatives rules on his own; the new Congress convenes Jan 3, 2027.Forbes
  • The Binance hack (since Oct 29) totals about $6.3⁠–⁠6.4B; Chainalysis attributes it to North Korea's TraderTraitor group, and about $2.8B had been frozen by Nov 3.Chainalysis
4 more facts
  • After Binance reopened withdrawals on Nov 1, about $3.64B left on net in the first 9.5 hours — 21Shares calls it an orderly withdrawal, not a bank run.21shares
  • Polymarket for November: a touch of $80,000 is priced at 58.5%, $72,500 also at 58.5%, $70,000 at 40.5% — bettors expect a wide range.Polymarket
  • Next Fed decisions: Dec 8⁠–⁠9 (hike at 76.5% on Polymarket) and Jan 26⁠–⁠27 (hold at 73.5%); October PCE is due Nov 25.Polymarket
  • US markets are closed for the weekend and volumes are thin; the weekly candle closes Sunday at 7:00 PM ET (00:00 UTC Nov 9).Binance

Forecast accuracy

Every day the scenarios are recorded at release; 24 hours later we check which range the price landed in. Misses are not hidden.

Days with a forecast
41
Base case came true
76%
the daily close landed inside the most likely scenario’s range
At least one scenario right
95%
the close landed inside one of the three ranges
DayMorning priceCloseBase caseCame trueHit
November 6, 2026 · overnight$75,491$75,907 (+0.2%) Sideways, 45%Sidewaysyes
November 6, 2026 · morning, pre-market$75,650$75,900 (-0.2%) Sideways, 45%Sidewaysyes
November 5, 2026 · overnight$80,490$75,765 (-5.9%) Sideways, 48%Pullbackno
November 5, 2026 · morning, pre-market$79,673$76,040 (-4.5%) Sideways, 50%Pullbackno
November 4, 2026 · overnight$77,409$80,520 (+4.0%) Sideways, 45%Breakoutno
November 4, 2026 · morning, pre-market$78,447$79,662 (+1.7%) Sideways, 47%Breakoutno
November 3, 2026 · overnight$76,719$77,390 (+0.6%) Sideways, 45%Sidewaysyes
November 3, 2026 · morning, pre-market$77,676$78,298 (+1.1%) Sideways, 45%Sidewaysyes
November 2, 2026 · overnight$78,370$76,944 (-1.9%) Sideways, 52%Pullbackno
November 2, 2026 · morning, pre-market$78,200$77,428 (-0.5%) Sideways, 50%Sidewaysyes
November 1, 2026 · morning, pre-market$77,980$77,808 (-0.1%) Sideways, 50%Sidewaysyes
October 30, 2026 · overnight$78,686$77,193 (-1.4%) Sideways, 45%Sidewaysyes
October 30, 2026 · morning, pre-market$77,334$77,619 (+0.3%) Sideways, 50%Sidewaysyes
October 29, 2026 · overnight$80,389$78,280 (-2.5%) Sideways, 48%Pullbackno
October 29, 2026 · morning, pre-market$80,118$77,382 (-3.5%) Sideways, 47%Pullbackno
October 28, 2026 · overnight$80,947$80,256 (-0.9%) Sideways, 50%Sidewaysyes
October 28, 2026 · morning, pre-market$80,831$80,170 (-1.4%) Sideways, 52%Sidewaysyes
October 27, 2026 · overnight$79,789$80,994 (+1.6%) Sideways, 55%Sidewaysyes
October 26, 2026 · overnight$80,172$79,759 (-0.5%) Sideways, 50%Sidewaysyes
October 26, 2026 · morning, pre-market$80,516$79,910 (-0.6%) Sideways, 50%Sidewaysyes
October 25, 2026 · overnight$80,824$80,134 (-1.0%) Sideways, 55%Sidewaysyes
October 25, 2026 · morning, pre-market$80,350$80,416 (-0.2%) Sideways, 50%Sidewaysyes
October 24, 2026 · morning, pre-market$80,776$80,581 (+0.0%) Sideways, 55%Sidewaysyes
October 23, 2026$81,637$81,189 (-0.3%) Sideways, 45%Sidewaysyes
October 22, 2026$82,932$81,416 (-3.2%) Sideways, 50%Sidewaysyes
October 21, 2026$82,892$84,093 (+1.3%) Sideways, 50%Sidewaysyes
October 20, 2026$81,990$83,028 (+1.3%) Sideways, 45%Sidewaysyes
October 19, 2026$82,886$81,938 (-0.2%) Sideways, 50%Sidewaysyes
October 18, 2026$81,746$82,116 (+0.8%) Sideways, 55%Sidewaysyes
October 17, 2026$81,615$81,491 (-0.1%) Sideways, 55%Sidewaysyes

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