Bitcoin and Altcoins Breaking Key Support Levels

Nov 12, 2026

Bitcoin and most altcoins are breaking down through major support levels, which is bad news for crypto holders and especially bad for altcoins like XRP and Solana.

  • Nvidia's longtime CEO Jensen Huang is out following a cheating scandal, and the stock crashed over 13% before a slight rebound, wiping out roughly $2 trillion in value in about a month and dragging down the broader tech market.
  • That stock selloff is pulling liquidity out of crypto too, since the same money flows between AI stocks and crypto, pushing Bitcoin below a key support zone and toward lower price targets.
  • Bitcoin's share of the total crypto market may be breaking out to the upside, which usually means altcoins get crushed harder than Bitcoin itself.
  • XRP, Solana, and Chainlink are all testing or breaking major support levels, with forecasts of another 15-30% drop in several altcoins if those levels fail.
  • Ethereum is also stuck in a weak, low-momentum slide with no signs of a bounce yet.

Outlook: Expect continued weakness across crypto in the near term, with possible brief bounces along the way, but no confirmed reversal yet — altcoins are especially at risk if Bitcoin's dominance keeps climbing.

## Bitcoin Levels

  • **Bias:** Bearish
  • **Sell / take profit:** Shorts favored over the downside move
  • **Support:** $65,000-$67,000 (next major support/liquidity zone); weekly trend risk level near $66,000
  • **Resistance:** $74,000-$75,000 (broken support, now resistance)
  • **Targets:** $65,000-$67,000
  • **Invalidation:** Reclaiming and holding above $74,000-$75,000

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