Bitcoin's momentum just shifted into bearish territory on Nov. 13. The move signals potential retesting of the $60,000 support—a level that has held in recent weeks but is now under real pressure.
The Crypto Fear & Greed Index hit 13, marking Extreme Fear. That reading aligns with the momentum flip and underscores weakening buying pressure across the market. A break below $60K would confirm short-term bearish bias and likely trigger cascading liquidations for overleveraged longs.
Broader equity weakness is adding downside pressure. The Nasdaq fell 0.9 percent and the S&P 500 dropped 0.4 percent on Nov. 13—risk-off moves that typically weigh on Bitcoin and other digital assets.
Traders are watching the $60K level closely. Failure to hold opens the door to further declines into lower demand zones. Position managers should tighten stops and reduce leverage exposure until clear accumulation or a bullish reversal signal emerges.
