Bitcoin (BTC/USD) is ending the trading week at 68,593, continuing its downward movement. While the moving averages still point to an overall uptrend, the price has broken below the area between the signal lines, indicating selling pressure and the potential for a further decline in BTC/USD. In the near term, we may see a corrective rebound toward the resistance area near 76,565. From there, a renewed downward move is expected, with the potential for Bitcoin’s price to fall toward a target below 45,505.
Bitcoin Forecast BTCUSD November 16 – 20, 2026
An additional signal supporting a decline in BTC/USD for the week of November 16–20, 2026, is a rebound from the upper boundary of the descending channel. A second signal is a rebound from the resistance line on the Relative Strength Index (RSI) indicator. The bearish scenario for Bitcoin this week would be invalidated by a strong rally that breaks through the 89,505 level; such a move would signal a breakout above the resistance area and a continuation of the uptrend, with a potential target above 98,665. A confirmation of the bearish trend would be a break below the support area, with the price closing under 57,045—signaling a breach of the lower boundary of the bullish channel.
Bitcoin Forecast BTCUSD November 16 – 20, 2026 suggests an attempt to reach the resistance area near the 76,565 level, followed by a decline in the cryptocurrency toward the area below 45,505. An additional signal supporting a potential drop in the Bitcoin price this trading week is a test of the trend line on the Relative Strength Index (RSI) indicator. The bearish scenario would be invalidated by a strong rally and a breakout above the 89,505 level; in that case, one should expect the upward trend to continue, with a target at 98,665.
