Bitcoin dropped to $65,000, reaching its lowest level in three months. Analyst James Check says the cryptocurrency has entered a deep value zone.
Bitcoin continued to face selling pressure heading into the weekend, with its price falling to $65,000. According to a report published by CoinDesk on November 14, 2026, the world's leading cryptocurrency lost approximately 3% of its value after U.S. stock markets closed on Friday evening, reaching its lowest level in three months. Bitcoin's weekly losses climbed to 13.5%, while Ethereum, XRP, and Solana also experienced sharp declines. Meanwhile, on-chain data analyst James Check suggested that Bitcoin had reentered a deep valuation zone previously observed during earlier market cycles.
Bitcoin Selling Pressure Extends Into the Weekend
The cryptocurrency market downturn continued even after traditional financial markets closed for the weekend. Bitcoin gradually declined from Friday evening onward, eventually reaching the $65,000 level.
According to figures reported by CoinDeskat the time of publication, Bitcoin had lost 13.5% of its value over the previous seven days. During the same period, Ethereum declined by 18%, XRP fell by 16.3%, and Solana dropped by 18%.
The downturn was not limited to Bitcoin. The steeper losses recorded by leading altcoins demonstrated that selling pressure had spread across the broader cryptocurrency market.
However, a decline to a particular price level does not necessarily mean that selling has ended or that a sustained recovery has begun. For market participants, buying demand and whether existing selling pressure continues will be important factors in determining the short-term direction of prices.
James Check Identifies a Deep Value Zone for Bitcoin
On-chain data analyst James Check argued in his November 14 assessment that Bitcoin was experiencing its fourth major capitulation event since reaching its all-time high.
According to the analyst, a significant proportion of investors selling at a loss at current prices may not have purchased Bitcoin when it was previously trading above $60,000. Instead, they may have entered the market in September when prices were above $80,000.
Check stated that Bitcoin had reached a deep value zone at its current price levels. He recalled that similar conditions had emerged in late February and late June 2026, as well as during the cryptocurrency market downturn in 2022.
However, Check's assessment does not necessarily mean that Bitcoin has established a definitive bottom. The analyst also emphasized that it remains impossible to determine whether current price levels represent the final market low.
Although similarities with previous market cycles can provide insights into long-term valuations, they do not guarantee future price movements.
Kriptofoni Analysis
Bitcoin's decline to $65,000 indicates that short-term market weakness persists. The particularly steep losses among altcoins suggest that selling pressure has spread across a broad section of the cryptocurrency market.
James Check's assessment of a deep value zone is noteworthy for long-term investors, but it should not be interpreted as a standalone buying signal.
In the coming period, Bitcoin's price behavior around the $65,000 level will be worth monitoring to determine whether selling pressure is likely to continue.
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Disclaimer: This content is for informational purposes only and is not investment advice. Cryptocurrencies are high-risk; make investment decisions based on your own research.
Dr. Mesut İnan is a researcher, academic and crypto journalist who has been producing content about cryptocurrencies since 2018. He brings a different perspective to the industry by combining his expertise in sociology with the cryptocurrency ecosystem. Before joining Kriptofoni as co-founder, content editor and writer, İnan worked for several cryptocurrency media platforms: he was an editor and writer at Kriptokoin from 2018 to 2023 and at COINTURK from 2023 to 2024. İnan made a valuable contribution to the ecosystem with his book on Bitcoin, "Bitcoin Sen Bizim Her Şeyimizsin" (Bitcoin, You Are Our Everything). Alongside his academic background, his regular analyses, news and commentary have made him one of the well-known names in cryptocurrency journalism in Turkey. İnan continues his work as a writer and educator and remains a prominent expert voice in the cryptocurrency field.
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