Crypto analyst Ali Charts laid out a bearish technical roadmap on November 7, warning that Bitcoin, Ethereum, and XRP could face deeper losses if key support levels break. In a post on X, he identified a potential Bitcoin target of $60,000, an Ethereum target of $1,963, and an XRP floor around $0.99.
Bitcoin is trading near $75,908, just above the pivotal $73,000 mid-range support of a three-day channel. Ali Charts said if that level fails, the lower boundary near $60,000 becomes the next area to watch — roughly a 21% drop from current levels. Before that target, Bitcoin would need to break through two lower support floors near $65,000 and $63,000. On the upside, resistance sits near $80,000 and $82,000.
Momentum indicators still favor sellers. Bitcoin trades below its 50-day moving average near $79,000, while sitting on its 200-day moving average near $76,000. The daily RSI is at 38, and the MACD remains below its signal line. Bitcoin has lost about 7% over the past 30 days and 2% over the past week, with flat 24-hour action.
Ethereum trades near $2,227; staying below $2,385 keeps the $1,963 target in focus. XRP trades near $1.182, and a break below $1.13 would expose the $0.99 channel floor.
