Bitcoin

Bitcoin Price Analysis — November 2

Despite a bullish undertone across the market, BTC continues to struggle with maintaining any meaningful gains. The benchmark cryptocurrency struggled to break the $61,785 resistance and the top of our wedge. That said, my bullish flag breakout projection still stands, with the 63K - 64K pivot zone as my first target. On the flip side, we could see a bearish slide to 60K support over the coming days if bulls fail to hold above the 61K level. Nonetheless, a bearish continuation below 60K seems unlikely at the moment.

Meanwhile, my resistance levels are at $61,785, $63,000, and $64,000, and my key support levels are at $61,000, $60,000, and $59,000.

Total Market Capitalization: $2.65 trillion

Bitcoin Market Capitalization: $1.16 trillion

Bitcoin Dominance: 43.6%

Market Rank: #1

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