Bitcoin traded below $74,500 on November 10 after early gains faded. The price fell 0.71 percent as investors watched for US inflation data. Nischal Shetty said, "Bitcoin continued consolidating after its recent decline." Many crypto ETFs saw net outflows, but markets found support from a recovery in global equities.

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Bitcoin surged near $75,231 in early trading on November 10, but quickly trimmed those gains to trade just above $74,443, down 0.71 percent over the past 24 hours and 2.86 percent in a week, as crypto markets erased post-election gains amid a sell-off in US tech and AI stocks.

However, crypto markets found support from a broader recovery in global equities, falling energy prices, and a weaker dollar, even as institutional fund withdrawals and elevated Treasury yields kept participation measured.

"Bitcoin continued consolidating after its recent decline. Immediate support sits at $74,300-$74,800, followed by $73,100-$73,300. Resistance remains at $76,300-$76,500. Holding the first support region could help stabilise the structure, while reclaiming resistance may strengthen participation. A loss of support would bring the secondary zone back into focus," Nischal Shetty, Founder of WazirX, said.

Meanwhile, Bitcoin ETFs recorded $412 million in net outflows and Ethereum ETFs lost $93.19 million. "Both assets holding key levels despite these withdrawals shows that spot buying, short-covering and derivatives positioning can offset institutional selling in the near term," Shetty said.

According to Vikram Subburaj, CEO of Giottus, the next test is US inflation at 7 pm IST. "A core reading above the 0.2 percent monthly forecast could strengthen expectations of a December Fed rate hike and make it harder for Bitcoin to clear $76,450, where recent rebounds have stalled."

Here's how major cryptocurrencies moved over the past 24 hours.

Bitcoin outlook for investors

Subburaj suggests that investors planning to add to their holdings can split the purchase into two and leave the second for after the inflation release. "If Bitcoin falls below $74,700, the next area where buyers recently stepped in was 73,500-73,800. Keep leverage low going into the release."

As per the Reserve Bank of India (RBI), cryptocurrency products and non-fungible tokens (NFTs) are not regulated in India and carry significant risks. Investors may have limited or no regulatory recourse in the event of financial losses arising from such transactions.