CandleFocus Bitcoin (BTC) Price Prediction for November 8
2024-11-08
Author: Content Editor
The top 10 cryptocurrencies are mostly in a positive state, with Bitcoin rising by 1.75% in the past 24 hours. On the hourly chart, the price of Bitcoin is nearing the resistance level, indicating a potential breakout and further upward movement. The closing of the daily bar at $76,420 is notable, as a distant closing could signal a correction to the $75,000 zone. However, there are no reversal signals in the midterm, and if the weekly bar closes near its peak, there could be a continued rise to the $80,000 area and beyond. Currently, Bitcoin is trading at $76,093.
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