CandleFocus Bitcoin (BTC) Price Prediction for November 3
2024-11-03
Author: Content Editor
The price of Bitcoin has declined by 1.6% in the past day, but has risen by 2.04% over the last week. On the hourly chart, the price is under bears' pressure and may test the support line of $67,823. There are no reversal signals on the bigger time frame, and if the daily candle closes near its low, a correction to the $67,000 range may occur next week. From a midterm perspective, the weekly candle is not closing near its peak, which may indicate a drop to the $66,000-$67,000 area soon. Bitcoin is currently trading at $68,451.
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