Bitcoin Price Analysis— November 4
After failing to hold above the 
64K pivot line, following a bullish breakout on Tuesday, the primary cryptocurrency fell to the 60K psychological support. Following the fall, bulls immediately went into action with intense dip-buying, which helped BTC recover into the 64K - 63K pivot zone. However, the cryptocurrency resumed its downward journey today as it failed to hold the critical pivot zone. That said, I expect a retest of the 60K support in the near term, which should determine the next course of action for the flagship cryptocurrency. Failure to hold above the 60K support, if the time comes, should send BTC to the lower-
59K area.
Meanwhile, my resistance levels are at $62,000, $63,000, and $64,000, and my key support levels are at $61,000, $60,000, and $59,000.
Total Market Capitalization: $2.73 trillion
Bitcoin Market Capitalization: $1.16 trillion
Bitcoin Dominance: 42.9%
Market Rank: #1
64K pivot line, following a bullish breakout on Tuesday, the primary cryptocurrency fell to the 60K psychological support. Following the fall, bulls immediately went into action with intense dip-buying, which helped BTC recover into the 64K - 63K pivot zone. However, the cryptocurrency resumed its downward journey today as it failed to hold the critical pivot zone. That said, I expect a retest of the 60K support in the near term, which should determine the next course of action for the flagship cryptocurrency. Failure to hold above the 60K support, if the time comes, should send BTC to the lower-59K area. Meanwhile, my resistance levels are at $62,000, $63,000, and $64,000, and my key support levels are at $61,000, $60,000, and $59,000.
Total Market Capitalization: $2.73 trillion
Bitcoin Market Capitalization: $1.16 trillion
Bitcoin Dominance: 42.9%
Market Rank: #1
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