Bitcoin (BTC) Slides 16% in Two Weeks as June 2024 Chart Analog Repeats

The Bitcoin (BTC) price printed $68,143 at 13:00 on 13 November, a Friday, closing a two-week slide that erased roughly 16% from the $81,000 area the asset occupied at the start of the month. A chart-history study published on 14 November scores the current pattern at 5.51 on its error scale, with its closest historical match sitting in June 2024.

The study, compiled by blockchain technology developer Kobot Labs, compares the current price series of Bitcoin (BTC), the original proof of work network, against past charts with similar flows and assigns an error score to each match; lower readings indicate a closer fit over the measured window, and 5.51 ranks as a tight one. Its framing treats the present market as a repeat, bar for bar, of a 2024 sequence that first extended lower and only then reversed. The path to Friday's print was stepwise. Bitcoin began November near $77,000 and pushed into the $81,000s across 4-5 November. The advance failed to hold: on 5 November the market slid back to the $76,000s and then spent several sessions ranging between roughly $75,000 and $76,000. A renewed decline set in on 9 November. On 10-11 November the price worked through the $73,000-74,000 band, and from 12 November losses widened sharply; the asset gave up the $70,000 line and on 13 November dipped intraday into the $67,000s, its first visit to that zone this month, before the modest rebound that produced the $68,143 reading. Measured against the early-month high, Friday's level represented a drawdown of about 16%. Throughout the sequence, lower lows arrived with widening final legs, the same shape the 2024 match displays, and the sell-off has now run through the broader Bitcoin (BTC) market for ten consecutive sessions.

The strongest support under the market sits at $67,136, which COINOTAG's composite scored 100 out of 100, with a second shelf at $65,620 scored 76; spot traded at $67,770 at the time of writing, up 0.4% from the study's latest reading but 3.5% lower over 24 hours. Momentum is stretched: the relative strength index stood at 24.35, deep in oversold territory, and the Fear and Greed Index printed 13 out of 100, extreme fear. The full Bitcoin technical analysis board lays out the weaker lines above the market, and the $918.6 million liquidation wave that left a floor near $67,500 is covered in our earlier report. Whether a bottom forms here, as it did in 2024, depends on buyers willing to HODL through the final leg of capitulation.

According to the study, the closest historical match is the chart of 25 June 2024 at 07:00, when Bitcoin (BTC) traded at $60,293 and the similarity score read 5.51. That June, the asset drifted down from around $66,000 in mid-June, held a range in the $64,000s, then extended losses across 24-25 June and plunged to near $60,000, a run of stepped lower lows with the last leg widening that the study flags as the closest echo of the present slide. The comparison reads price alone and carries no view on whale activity or order-book flows. The 2024 decline did not stop at $60,000. Bitcoin fell to the $53,000s in early July, about 12% below the matched reading, before a bottom formed. The recovery was fast: mid-July lifted the price back into the $60,000s and late July carried it to around $70,000, roughly 16% above the matched level, within about a month of the low. Volatility then expanded again. In early August the market crashed once more, touching about $50,000 intraday, about 17% below the similar point, before rebounding to roughly $65,000 in late August. That advance also failed, and by early September 2024 the price was back in the $56,000s. The study's takeaway for the current market is that the matched 2024 stretch produced a rebound of about 16% within a month of its low, but also repeated heavy drops afterwards, so elevated volatility, not a clean trend, defined that period. The matched window sat months after the April 2024 Bitcoin halving, and readers wanting a coarser cycle lens can compare the Bitcoin Rainbow Chart view. For now, the price has held below $70,000 since 12 November, and the slide from the early-month high has run ten sessions.