Bitcoin moved back above $75,000 after the Wall Street open on Monday, Nov. 9, 2026, as technology stocks recovered and oil prices declined, according to Cointelegraph’s report. The rebound followed a Sunday low of $73,500—the weakest level since Aug. 21.
Despite the recovery, Material Indicators cofounder Keith Alan said thin order books and the broader market structure left room for another decline before a breakout could be validated. His potential downside reference was the 200-week simple moving average at $67,755, not a firm price forecast.
Tech shares recover after Nvidia volatility
TradingView data cited in the report showed BTC/USD up 0.8%. The Nasdaq Composite gained 2.5% in the first hour of US trading, with gains reaching as much as 2.6% on Monday.
The recovery followed volatility surrounding claims that Nvidia CEO Jensen Huang may have been the target of a Chinese intelligence effort. Beijing denied the claim. Nvidia shares fell about 6% to $170.24 in early Monday trading—a level last seen on March 31—before rebounding to a session high of $179.92.
In a Sunday note quoted by CNBC, Dan Ives, senior managing director at merchant bank Yorkville Ives & Co., warned that the episode could trigger congressional inquiries and create a lasting overhang on Nvidia’s stock. Former US Securities and Exchange Commission chair Gary Gensler said Nvidia’s board would face “tough choices” depending on the findings of the company’s internal investigation.
Lower oil prices offer a possible support mechanism
US WTI crude fell to $86.19 a barrel on Monday, its lowest since Sept. 1, before recovering to around $88.20. Cointelegraph reported that the decline helped equities recover and gave Bitcoin some relief from selling pressure.
Economist Robin Brooks pointed to the negative correlation of gold, Bitcoin and the S&P 500 with oil following September’s attack on Saudi Arabia’s East-West Pipeline, a key oil-transit route. His interpretation remained conditional: even if those correlations weakened, he argued, falling oil prices could support those assets.
The $68,000 area remains a scenario, not a certainty
On Monday, Bitcoin traded in a narrow range between its 21-week and 50-week simple moving averages, at $73,078 and $75,492, respectively.
Alan identified the 200-week moving average at $67,755 as a possible downside test. Bitcoin had last interacted with that trend line in mid-August. However, he also saw improving conditions on the weekly chart.
“The macro structure and thin order books leave room for lower prices before a breakout can be validated. That test is possible, not inevitable—and it doesn’t have to happen this week. In fact, the weekly view is starting to lean bullish,” Alan told followers on X.
The distinction matters: his analysis allowed for further weakness without asserting that a move toward $68,000 would occur, or setting a deadline for it.
Meanwhile, CoinGlass data put total crypto-market liquidations over the preceding 24 hours at $1.2 billion as of 5 p.m. UTC on Monday. That figure covered the broader crypto market, not Bitcoin alone.
Original source: Cointelegraph, published Nov. 10, 2026, at 01:13:25 UTC+8 (Nov. 9 at 17:13:25 UTC). This article covers the events and analysis reported at that time.
