Bitcoin
Long

Bitcoin Price Analysis — November 9

The benchmark cryptocurrency finally broke the 67K top late yesterday, following a parabolic bull run since last Saturday. BTC recorded a new all-time high around 68.5K before correcting to the 67K region. While trading conditions have become overheated on lower timeframes, my daily chart indicates that BTC has just resurfaced from bearish conditions indicating that there could be room for more bullish gains. That said, bulls have their eyes on the 70K round figure amid a possible minor correction to the 65K region.

Meanwhile, my resistance levels are at $68,000, $68,500, and $69,000, and my key support levels are at $67,000, $66,000, and $65,000.

Total Market Capitalization: $2.95 trillion

Bitcoin Market Capitalization: $1.28 trillion

Bitcoin Dominance: 43.6%

Market Rank: #1

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