Daily edition

Bitcoin cycle readout: 7 November 2026

Bitcoin is 14.6% above its power-law fair value of $66,299 in a late bear phase (7 November 2026).

• As of 7 November 2026, Bitcoin traded near $75,964.
• Bitcoin's power-law fair value (the midline of the long-run power-law fit) was $66,299, so price sat 14.6% above it.
• The power-law band ran from a floor of $29,615 to a ceiling of $148,426.
• The four-year cycle phase read Late Bear, after a cycle top of $124,824 on 6 October 2025 (395 days earlier, counted as of 5 November 2026).
• The lowest close since that top was $58,525 on 30 June 2026.
• Key levels: realized price (the average on-chain cost basis) $53,978; 200-week moving average $67,344; 50-week moving average $75,760; 200-day moving average $73,185.
• The HLB cycle composite scored 29/100 (late bear, disagreement band 15–43) as of 5 November 2026. It is research context, not a probability or a trade signal.
• The Crypto Fear & Greed Index read 25 (Extreme Fear).
• At block 974,877, the next halving (block 1,050,000) was 75,123 blocks away, roughly 522 days.

This page is a fixed record of the readout for 7 November 2026. The live readout updates daily.