{"id":157892,"date":"2026-11-13T17:03:01","date_gmt":"2026-11-13T17:03:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=157892"},"modified":"2026-11-13T17:03:01","modified_gmt":"2026-11-13T17:03:01","slug":"bitcoin-price-hits-70k-on-soft-ppi-why-did-the-btc-usd-rally-collapse","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=157892","title":{"rendered":"Bitcoin Price Hits $70K on Soft PPI: Why Did the BTC USD Rally Collapse?"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC USD) jumped to $70,214 on Friday, November 13, minutes after U.S. producer prices for October came in softer than expected. The move did not last. By 15:00 UTC, Bitcoin had slipped back to $68,838, below where it stood before the data.<\/p>\n<p>The Producer Price Index (PPI), which tracks what businesses get paid for their goods and services, rose 0.3% in October. Economists had expected 0.4%. Core prices, which leave out food and energy, rose 0.3%, in line with forecasts.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f525.png\" alt=\"\ud83d\udd25\" class=\"wp-smiley\" style=\"height: 1em;max-height: 1em\">BULLISH: Bitcoin and gold SURGED after cooler-than-expected PPI release.<a href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$BTC<\/a> jumps 1.35% breaking $70,000<br \/>GOLD increased 0.6% reaching over $3,900<\/p>\n<p>The SOFTER reading could ease pressure for a larger 50 bps December Fed hike. <a href=\"https:\/\/t.co\/GDlGpmQPol\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/GDlGpmQPol<\/a><\/p>\n<p>\u2014 Coin Bureau (@coinbureau) <a href=\"https:\/\/x.com\/coinbureau\/status\/2121239637754864072?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 13, 2026<\/a><\/p>\n<\/blockquote>\n<p>Bitcoin climbed 1.4% in five minutes on the headline, and trading volume on Binance hit about 15 times its pace from the hour before.<\/p>\n<p>The squeeze cut both ways. We added up forced closures on OKX and found $5.5 million of short bets wiped out in the first 10 minutes. Then $5.4 million of long bets went the same way as the price faded.<\/p>\n<p>So what does the PPI tell us about the Fed, and where does BTC USD go from here?<\/p>\n<h2>BTC USD Jumped 1.4% in Five Minutes on the PPI Print: Shorts Burned First, Then Longs<\/h2>\n<p>The report landed at 8:30 a.m. ET, or 13:30 UTC. Bitcoin was trading at $69,246 just before.<\/p>\n<ul>\n<li><strong>The spike:<\/strong> the first five-minute candle closed at $69,935, and the next one touched $70,214, the highest price since early Friday morning.<\/li>\n<li><strong>The volume:<\/strong> $52.3 million of BTC changed hands on Binance in those first five minutes, about 15 times the average of the hour before.<\/li>\n<li><strong>The fade:<\/strong> by 14:00 UTC, Bitcoin was back below $69,500. By 15:00 UTC, it was at $68,838.<\/li>\n<\/ul>\n<p class=\"linkline\"><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top 20 Crypto to Buy in 2026<\/a><\/strong><\/p>\n<p>We tracked forced closures, called liquidations, in Bitcoin, Ether, Solana and XRP futures on OKX, one of the largest crypto exchanges. A liquidation is a position force-closed by the exchange when a leveraged trader runs out of margin.<\/p>\n<ul>\n<li><strong>Before the data:<\/strong> just $30,000 was liquidated in the hour before 13:30 UTC.<\/li>\n<li><strong>The first 10 minutes:<\/strong> $5.5 million of short bets, which profit when prices fall, were wiped out as Bitcoin jumped.<\/li>\n<li><strong>The next 80 minutes:<\/strong> $5.4 million of long bets, which profit when prices rise, were wiped out as the gains faded.<\/li>\n<\/ul>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-386044\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3208-scaled.png\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3208-scaled.png 2560w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3208-300x169.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3208-1024x576.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3208-768x432.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3208-1536x864.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3208-2048x1152.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3208-50x28.png 50w\" sizes=\"(max-width: 2560px) 100vw, 2560px\"><\/p>\n<p>The pattern suggests traders bought the headline and sold the details. Core prices matched forecasts, and producer prices are still up 6.5% from a year ago, the fastest pace since November 2022. This was also the last inflation report before the Federal Reserve meets on December 9.<\/p>\n<p class=\"linkline\"><strong>DISCOVER: <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/btc-usd-holds-74000-through-a-third-day-of-etf-outflows-is-the-bottom-in\/\" target=\"_blank\" rel=\"noopener\">BTC USD Holds $74,000 Through a Third Day of ETF Outflows: Is the Bottom In For Bitcoin?<\/a><\/strong><\/p>\n<h2>BTC USD Price Analysis: $70,000 Is the Wall<\/h2>\n<p>On the daily chart, where each candle covers one day, BTC USD trades at $68,874, down 3.6% in 24 hours. It sits well below both of its exponential moving averages (EMAs), averages that give recent prices more weight. The 200-day EMA is at $76,326 and the 50-day EMA higher at $78,231, so the trend is still pointing down.<\/p>\n<p>Friday\u2019s daily candle opened at $71,460 and has dropped as low as $67,568. On this chart, the PPI spike to $70,214 is only a brief bounce inside that red candle.<\/p>\n<ul>\n<li><strong>Resistance:<\/strong> $70,214, Friday\u2019s PPI high, then $72,727, Tuesday\u2019s low, which now caps rebounds.<\/li>\n<li><strong>Support:<\/strong> $67,568, Friday\u2019s low and the lowest price since August. Below that, $64,166, the August double bottom.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-386046\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3210-scaled.png\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3210-scaled.png 2560w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3210-300x169.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3210-1024x576.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3210-768x432.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3210-1536x864.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3210-2048x1152.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3210-50x28.png 50w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"><\/p>\n<p class=\"caption\">BTCUSDT 1D chart. Source: <a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/x\/a3GiJADN\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/p>\n<div class=\"tablebox\">\n<div class=\"nnbtc-table-wrapper\">\n<table>\n<thead>\n<tr>\n<th>PATH<\/th>\n<th>WHAT HAS TO HAPPEN<\/th>\n<th>NEXT STOP<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Push higher<\/strong><\/td>\n<td>A daily close above $70,214<\/td>\n<td>$72,727, then the 200-day EMA at $76,326<\/td>\n<\/tr>\n<tr>\n<td><strong>Stall<\/strong><\/td>\n<td>Daily closes between $67,568 and $70,214<\/td>\n<td>Chop into the weekend<\/td>\n<\/tr>\n<tr>\n<td><strong>Slip<\/strong><\/td>\n<td>A daily close below $67,568<\/td>\n<td>$64,166, the August low<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p>The softer PPI gave BTC USD a quick lift, but sellers were waiting at $70,000. Until Bitcoin closes a day above that level, Friday\u2019s spike looks like a short squeeze inside a downtrend.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/strong><\/p>\n<p><b>Follow 99Bitcoins on<\/b><a href=\"https:\/\/x.com\/99BitcoinsHQ\" target=\"_blank\" rel=\"nofollow noopener\"> <b>X<\/b><\/a><b> For the Latest Market Updates, and Subscribe on<\/b><a href=\"https:\/\/www.youtube.com\/@99bitcoins\" target=\"_blank\" rel=\"nofollow noopener\"> <b>YouTube<\/b><\/a><b> For Daily Expert Market Analysis<\/b><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/bitcoin-price-hits-70k-on-soft-ppi-why-did-the-btc-usd-rally-collapse\/\">Bitcoin Price Hits $70K on Soft PPI: Why Did the BTC USD Rally Collapse?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC USD) jumped to $70,214 on Friday, November 13, minutes after U.S. producer prices for October came in softer than expected. The move did not last. By 15:00 UTC, Bitcoin had slipped back to $68,838, below where it stood before the data. The Producer Price Index (PPI), which tracks what businesses get paid for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-157892","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/157892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=157892"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/157892\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=157892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=157892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=157892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}