Bitcoin Has Erased More Than 70% of Its Summer Rally From July's Low
As seen on the 24/7 Wall St. homepage on November 14, 2026.
Another 30% of the summer rally is all that separates Bitcoin from July's $57,742 low, the weakest level since October 2024.
Bitcoin is now down more than 25% from its September 21st peak of $87,381. This decline has retraced more than 70% of the gain since the July 1st low of $57,742 (shown). That low was its lowest level since October 2024. https://t.co/rcgGqAKMZ7
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Bitcoin has fallen more than 25% from its September 21st peak, unwinding the bulk of a rally that began at the July 1st low.
That July low was the weakest level since October 2024, and only about 30% of the summer advance now separates current prices from it.
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A drop of this magnitude in a matter of weeks signals that the buying pressure behind the July-to-September move has been absorbed or reversed.
Jim Bianco of Bianco Research flagged these levels on November 14th, 2026 as the figures investors should be tracking closely.