[November 8, 2026] Bitcoin Analysis #BTC #Bitcoin BTC is currently testing the right shoulder low in a potential inverse head and shoulders pattern 📊 ✅ Briefly dipped below $75,000, but the decline did not accelerate ✅ Spot buy limit orders placed at $74,000 ✅ 20-week MA: ~$73,670 ✅ 200-day MA: ~$73,228 ✅ A breakout above $83,000 would confirm an upward trend reversal per Dow Theory Similar to the rebound phase in 2023, we expect the price to find support near the moving averages. The main scenario anticipates a further minor decline to shake out long positions, followed by a rally following the completion of the inverse head and shoulders pattern. However, price could also rise without dropping to $74,000—be mindful of the risk of missing a buying opportunity. We continue to monitor the formation of the right shoulder while looking for opportunities to add to spot positions. For more details, see our full analysis on Note: https://t.co/JeskJICBH4