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Bitcoin (BTC) Price Prediction for November 9

source-logo  u.today 09 November 2024 14:51, UTC

Buyers are more powerful than sellers at the beginning of the weekend, according to CoinMarketCap.

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BTC/USD

The price of Bitcoin (BTC) has risen by 0.49% over the last 24 hours.

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On the hourly chart, the rate of BTC is in the middle of the local channel, between the support of $76,230 and the resistance of $76,666.

As neither side is dominating, ongoing sideways trading around the current prices is the more likely scenario until the end of the day.

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On the bigger time frame, one should pay attention to the nearest level of $76,900. If buyers' pressure continues, there is a chance of a resistance breakout followed by a test of a new all-time high.

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From the midterm point of view, there are no correction signals yet. If the weekly bar closes far from the $73,881 level and with no long wick, the growth may continue to the $80,000 mark.

Bitcoin is trading at $76,522 at press time.

u.today