- Bitcoin fell to about £51,950, it’s lowest since August. See the pound levels, key risks and three trade scenarios
- 1$70,000.00 Round number · ResistanceRound number equivalent to £52,900 that Bitcoin recently fell below
- 2$100,000.00 Analyst targetStandard Chartered lowered its year-end forecast to this level
- 3$87,500.00 Year-start level · Key levelPrice near where Bitcoin began the year before its fall
TradingView Lightweight Charts™ · Binance data
Bitcoin has had a rough week. In pounds, it now trades near £51,950. That is down from about £55,650 on Thursday morning. The coin is at its lowest since August, Crypto.com reports. Is £50,000 the next stop? The chart shows what to watch. Many UK buyers are watching this level.
Figure 2: Bitcoin in pounds, shown in Bitcoin orange and sterling navy. Data as of 13 November 2026.
How to Read This Chart
On Thursday morning, Bitcoin was trading around £55,650. It reached its lowest point of the day on Thursday at approximately £53,900. Currently, Bitcoin is trading around £51,950 which is indicated by the orange dot on the chart. Resistance levels above Bitcoin’s current price are indicated by dotted lines. The 200-day moving average for Bitcoin is currently sitting at £55,500. The options “max pain” level for Bitcoin is currently sitting at £57,500. Below Bitcoin’s current price, the £52,900 level represents the equivalent of the $70,000 round number in British pounds. Bitcoin has already moved down past this level.
The orange band located at the bottom of the chart represents the next potential support area. This area extends from £50,000 to £50,700. The £50,700 level is also the 200-week moving average. Arrows indicate possible directions that Bitcoin may take. All prices shown in the chart are dollar prices converted to British pounds using an exchange rate of 1.3225. Round numbers such as £50,000 tend to attract significant interest. Do not enter trades based solely on rapid price increases; rather wait for a daily close before entering a trade.
Why Bitcoin Is Falling
The first thing to hit was high U.S. inflation. This led many investors to believe that the Federal Reserve would increase interest rates in December. The second event was the resignation of Nvidia CEO Jensen Huang. His departure caused a drop in the price of most tech stocks. Finally, throughout the entire fall season, Bitcoin continued to move along with tech.. Our Nvidia analysis shows how fast that stock can swing. Third, money is leaving Bitcoin funds. US spot ETFs lost $299.9 million on 11 November. That was the fifth outflow day in a row. Bitcoin is down about 15% in a month. None of this means Bitcoin is dead. It means sellers are in charge for now.
The Pound Factor
You hold pounds, so the pound matters. Sterling fell to $1.3225 on Friday. A weaker pound makes Bitcoin cost more in pounds. A stronger pound does the opposite. Remember, you face two risks. Bitcoin can move. So can the pound. The Bank of England raised Bank Rate to 4.00% on 5 November. Even so, the pound slid. Read more in our GBP/USD forecast.
Mark two UK dates. The jobs report lands on 17 November. UK inflation follows on 18 November from the Office for National Statistics. Also watch options. About $2.48 billion of Bitcoin options expire today. Our guide to option chain analysis explains how to read them.
Your Scenarios
- Bullish: a close back above £52,900 targets £55,500.
- Bearish: a close below £50,000 opens a deeper fall.
- Neutral: a range between £50,000 and £52,900.
Expect extreme volatility in the short-term. In the long-run, the Fed will make a decision on Dec. 9th. Standard Chartered has lowered its year-end forecast to $100,000. It is important to consider how stocks are performing, as demonstrated by our Dow Jones Report. Buyers in the UK need to understand the applicable laws and regulations. The Financial Conduct Authority explains crypto risks. Bitcoin began the year near $87,500, so this is a deep fall. Only risk what you can lose. Never use money you need for bills. Use a stop loss. Plan your exit before you enter. Check your own platform’s price, as feeds differ. Will you buy near £50,000 or wait?
Frequently Asked Questions
Why is Bitcoin falling in pounds?
The U.S. CPI being higher than expected, the market’s belief that the Federal Reserve will raise rates, the departure of Nvidia’s CEO and the flow out of ETFs are all hurting Bitcoin. The devaluation of the British pound changes how much it costs to buy one Bitcoin.
What is the key BTC/GBP support?
£52,900 failed. The next floor is £50,000 to £50,700.
What is the key BTC/GBP resistance?
The 200-day average near £55,500 is first. Options max pain is £57,500.
What is your outlook on Bitcoin?
Anonymous · no sign-up · results from the last 30 days · not investment advice