Stacks Co-Founder Sees Bitcoin Near a Bottom Following Weekly Decline
Muneeb Ali believes Bitcoin may be approaching a low after a seven-day fall, with $63,000 support under scrutiny.
Muneeb Ali believes Bitcoin may be approaching a low after a seven-day fall, with $63,000 support under scrutiny. Bitcoin (BTC) is trading at ₹61,23,830 ($64,966.00), down 2.9% since this brief published. This is an original Token Times brief based on reporting by Crypto Daily, with live market data added, as of Sun, 15 Nov 2026 03:45:01 UTC.
The view places Bitcoin’s sharp weekly decline alongside oversold conditions and a seller-driven trend, highlighting $63,000 as a key support level amid extreme market sentiment.
- Muneeb Ali says Bitcoin’s weekly decline may be nearing a bottom
- Bitcoin has fallen 11.87% over seven days
- The $63,000 support area faces a test
- Extreme Fear stands at 13
- Solana Sees More Trading Activity While SOL Extends Weekly Decline
- Glassnode Weighs Two Pressures Following Bitcoin’s Recent Decline
- Stacks Founder Points to Privacy Path That Leaves Bitcoin Core Unchanged
- Indian Equities Advance as Bitcoin’s Weekly Decline Keeps Risk Assets Divided
- Stacks Founder Backs Bitcoin Bull Market View Following Pullback
- Bitcoin Near $69K as Analyst Sees Potential Technical Bottom
- Stacks Co-Founder Sees Bitcoin Near a Bottom Following Weekly Decline — this brief
Stacks co-founder Muneeb Ali has said 
Bitcoin’s recent decline is likely near its low, pointing to oversold conditions and a seller-led trend. His assessment follows a reported 12% weekly drop, while the live data shows Bitcoin down 11.87% over seven days.
Crypto Daily reported that Bitcoin is approaching a test of $63,000 support. The broader market is also moving lower, with the total crypto market capitalization at $2.33 trillion and Bitcoin down 3.21% over the past 24 hours. Bitcoin was trading at $66,895 at the time of the market snapshot, leaving it above the highlighted support area. The Fear and Greed Index stood at 13, categorized as Extreme Fear. Stacks itself was also under pressure, with STX at $0.275718, down 5.94% over 24 hours and 17.82% over seven days. The development matters because Ali’s view brings attention to whether Bitcoin can remain above $63,000 while oversold conditions persist. The level and the pace of any recovery would provide the next observable indications, while the extreme fear reading shows that sentiment remains subdued across the crypto market.
Since this brief published about 19 hours ago, Bitcoin (BTC) has moved from ₹63,05,661.57$66,895.00 to ₹61,23,830.03$64,966.00 — -2.88%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $60,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹22.20M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 14 13:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹6.80M (about $64,966.00), down 2.8% over 24 hours. The rupee itself trades about 11.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Stacks Co-Founder Sees Bitcoin Near a Bottom Following Weekl — questions & answers
What does Muneeb Ali believe about Bitcoin’s bottom?
Ali says Bitcoin’s low is likely set following its reported 12% weekly decline, citing oversold signals and a seller-led trend.
Where is Bitcoin trading after the weekly drop?
Bitcoin was priced at $66,895, down 3.21% over 24 hours and 11.87% over seven days.
What market sentiment accompanies the decline?
The Fear and Greed Index stood at 13, placing the market in the Extreme Fear category.
How much is 1 Bitcoin worth in rupee today?
About ₹6.80M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $64,966.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 2.88% since this brief first published — trading at ₹61,23,830 ($64,966.00) now versus ₹63,05,662 ($66,895.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Daily. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.