According to Dan Gambardello of Crypto Capital Venture, on November 9, Bitcoin wicked down to its 200-day moving average just above $73,000 and found support there. The analyst, who published a video analysis yesterday, said five consecutive weekly declines mark typical bottom sentiment for BTC. If the 200-day average holds, an inverse head-and-shoulders neckline near $90,000 comes into play, contingent on recovery of the 20-day and 50-day moving averages followed by a Fibonacci retracement test.

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