Bitcoin slides below $69,000 while gold steadies above $3,900 following a 0.3% US PPI rise in October, the highest annual rate since Nov 2022.

On 13 November 2026 Bitcoin (BTC) fell further, trading around $69,232 as the crypto market stayed in a risk‑off mood after Nvidia co‑founder Jensen Huang’s resignation. At the same time gold (XAU/USD) edged higher to about $3,905, limiting losses that followed a three‑day dip to $3,852. The move came after US producer‑price inflation (PPI) rose 0.3% in October, the strongest annual pace since November 2022.

Technical backdrop for Bitcoin’s bearish bias

BTC remains well under its 50‑day, 100‑day and 200‑day exponential moving averages (EMAs) at $78,245, $77,208 and $76,641 respectively. The SuperTrend line at $77,026 also sits above price, creating a stacked resistance cluster. Momentum indicators reinforce the downtrend: MACD is negative and the RSI hovers near 26, deep in oversold territory, suggesting sellers still dominate.

Without a clear support zone nearby, any further decline would require fresh buying pressure. A daily close above the EMA cluster would be needed to shift the bias, but the current chart shows no immediate floor, leaving the pair exposed to additional downside.

Gold’s tentative recovery amid higher real yields

XAU/USD traded at $3,905, still below its 50‑day EMA ($4,123), 100‑day EMA ($4,211) and 200‑day EMA ($4,246). The SuperTrend line at $4,163 adds another layer of resistance. Nevertheless, the metal found modest support after the PPI data, as higher producer prices can lift real yields and curb gold’s appeal.

Momentum is fragile: MACD remains below zero and RSI sits near 40, indicating a weak but not yet oversold condition. The price must clear the $4,123 barrier to regain a more bullish stance, while the next resistance lies around $4,163 and $4,211.

Read also: Gold price forecast: Dollar strength extends downside targets

Macro drivers and market sentiment

The October PPI rose 0.3% month‑on‑month and 6.5% year‑on‑year, just shy of the 6.6% forecast. Higher producer prices often signal rising inflationary pressure, which can push real yields higher and weigh on non‑yield‑bearing assets like gold and Bitcoin.

Crypto sentiment is reflected in the Fear & Greed Index, which dropped to 20 (Extreme Fear) on 13 Nov 2026, down from 28 the previous day. Investors appear to be pulling back ahead of the Federal Reserve’s December meeting, where markets expect a rate hike to 4.00‑4.25%.

What to watch next

Traders should monitor the upcoming Fed decision in December for clues on interest‑rate trajectory, as a higher‑for‑longer stance could keep pressure on risk assets. For Bitcoin, a break above $77,026 would be the first step toward testing the 50‑day EMA at $78,245. For gold, a sustained close above $4,123 could open the path toward the $4,200‑$4,250 zone.

• Key BTC resistance: $76,641 (200‑day EMA), $77,026 (SuperTrend), $78,245 (50‑day EMA)
• Key BTC support: none identified on the daily chart
• Key XAU resistance: $4,123 (50‑day EMA), $4,163 (SuperTrend), $4,211 (100‑day EMA)
• Key XAU support: $3,852 (recent low)

Frequently asked questions

Official data sources

• Federal Reserve (Fed)
• World Gold Council – Goldhub

Related news

• Gold price forecast: Dollar strength extends downside targets
• Gold price falls as Fed rate hike bets rise – market overview
• Bitcoin below $70K as stocks slip after cooler US PPI
• Gold pares gains as mixed US PPI fuels Fed tightening fears

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This article is compiled from international market news for information only. It is not investment advice.