Bitcoin Loses the $72,000 Support After a Slide of Nearly $10,000 in a Week, ArzDigital Reports, and Sits on the Floor of Its Long-Term Rising Channel

Bitcoin lost the $72,000 support on Thursday 12 November 2026 (21 Aban 1405). ArzDigital wrote in its 21:24 report that, after falling nearly $10,000 in a week, the price had slid to around $71,000 and was approaching the floor of its long-term rising channel. Buyers' attempts to restore the price had failed, and rising activity in the futures market added to worries about continued volatility.

In its technical analysis the outlet treats the $70,000 to $71,000 zone as the key support: a daily close below it would break the rising structure and could take the price to the $67,800 to $69,800 support. For a bullish scenario, buyers would need to retake $75,000 to $76,000, and the $77,400 to $81,000 supply zone is the main obstacle to a recovery. Boursenews, citing an exchange's analysis, also wrote the same day that continued selling pressure could push the price down to about $70,000. These are analysts' readings, not a Sahmino forecast.