Bitcoin slides below $75,000, gold holds above $4,100 as US CPI looms
ITF Team2 min read
Bitcoin trades at $74,508, down 4%, while gold stays above $4,100 after a 5% rebound, with US CPI data set for 11/14/2026.
Key takeaways
- Bitcoin fell to $74,508 on 11/9/2026, staying below the $75,000 psychological level.
- Gold held at $4,107 on 11/9/2026, maintaining a 5% weekly gain.
- The FedWatch Tool shows a 78% probability of a 25‑bp rate hike to 4.00‑4.25% after the CPI release.
- US non‑farm payrolls added 165,000 jobs in October, pushing unemployment to 4.1%.
On 11/9/2026 Bitcoin (BTC) slipped below the $75,000 mark, trading at $74,508, while gold (XAU/USD) stayed above $4,100 at $4,107. The move comes as traders shift to risk‑off positioning ahead of the US Consumer Price Index (CPI) data due on 11/14/2026, which is expected to show a slight easing in inflation.
Why crypto retreated and gold rallied
The Democrats’ sweep of both chambers of Congress raised expectations of tighter regulation on crypto and AI‑related debt, adding to the bearish bias on Bitcoin. In the same week, the US non‑farm payrolls report surprised with a gain of 165,000 jobs, far above the 65,000 forecast, pulling unemployment down to 4.1%. The stronger labour market revives concerns that the Federal Reserve may raise rates, prompting investors to seek safe‑haven assets.
Gold responded positively, posting a 5% weekly rebound as a classic hedge against inflation and a weaker dollar. The metal’s price remains capped below the 50‑day EMA at $4,152, but the recent bounce suggests that the risk‑off sentiment is supporting demand for the yellow metal.
Technical picture for Bitcoin
Bitcoin’s price sits beneath both the 50‑day EMA ($79,286) and the 200‑day EMA ($76,492), confirming a bearish technical framework. Momentum indicators are also negative: the MACD line stays below its signal line and the RSI has slipped to 34, indicating oversold conditions but not yet a clear reversal.
Support is clustered around $70,505, with secondary levels at $67,292 and $62,345. On the upside, resistance sits near $75,545, followed by the 200‑day EMA at $76,492 and the 50‑day EMA at $79,286. A break above these zones would be needed to re‑establish a bullish bias.
Read also: Gold price outlook: high real yields pose a risk ahead of US CPI
Gold’s technical stance
Gold is forming a falling‑wedge pattern on the daily chart, with a descending resistance trendline near $4,335 and a rising support trendline near $3,730. The MACD has turned positive and the RSI sits at 51, hinting at modest upside momentum, though the metal remains below its 50‑day EMA ($4,152) and 200‑day EMA ($4,259).
Immediate resistance lies at $4,152; a daily close above this level could lift the bearish bias. Support is first seen at $3,941, with deeper floors at $3,886 and $3,730. A sustained break below these would signal a deeper corrective phase.
Broader macro backdrop
The FedWatch Tool shows a 78% chance that the Federal Reserve will hike rates by 25 basis points, moving the target range to 4.00‑4.25%. Meanwhile, West Texas Intermediate crude slipped to $87 a barrel, down 12% over the past week, as expectations rise that a Democratic‑controlled Congress could pressure the administration to de‑escalate tensions with Iran, potentially easing global inflation pressures.
Lower energy prices and a possible pause in rate hikes could keep the dollar softer, which would be supportive for gold. Conversely, any surprise in the CPI that points to persistent inflation could reignite rate‑hike expectations, pressuring both Bitcoin and gold.
- Watch the US CPI release on 11/14/2026 for the next directional cue.
- Key Bitcoin levels: $70,505 support, $75,545 resistance.
- Key Gold levels: $4,152 resistance, $3,941 support.
Frequently asked questions
What are the key support and resistance levels for Bitcoin on 11/9/2026?
Bitcoin is supported around $70,505, with secondary cushions at $67,292 and $62,345. Resistance is near $75,545, followed by the 200‑day EMA at $76,492 and the 50‑day EMA at $79,286.
How is the US CPI expected to affect gold price?
If the CPI shows easing inflation, the dollar may weaken and real yields could fall, which would support gold above $4,100. A higher‑than‑expected CPI could keep the dollar strong and pressure gold lower.
Official data sources
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This article is compiled from international market news for information only. It is not investment advice.