Bitcoin price prediction: lowest level since August, will the $72,000 zone hold?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: bitcoin falls to its lowest level since August 20 after the US inflation data and tests the 200-day average at $73,150. What ETF outflows, the options market and the Fed mean for the zone between $72,000 and $75,000.On November 10, bitcoin fell to its lowest level since August 20.Add as a preferred source on GoogleFollow on Google NewsBitcoin costs around $73,630 on Tuesday evening, roughly €65,960. On the Kraken exchange the price fell as low as $72,585 during the day, its lowest level since August 20. Whether the range between $72,000 and $75,000 holds depends on three things: the 200-day moving average at around $73,150, the outflows from the US funds and whether the US Federal Reserve raises rates in December. What is established: US consumer prices rose more than expected in October, long positions worth around $178 million were forcibly closed within an hour, and the spot ETFs lost money on four of the five trading days of the previous week. Our assessment follow...