
Bitcoin (BTC) Price Analysis: Towards $40,000 or Back to $31,000?
The Bitcoin market continues to be a rollercoaster of emotions for investors, and today, Friday, November 3, was no exception.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
The Bitcoin market continues to be a rollercoaster of emotions for investors, and today, Friday, November 3, was no exception.
Bitcoin price is up when writing and looks likely to float above the first resistance at $27,500 as sentiment across the crypto scene changes
Ethereum is in a tight range above the primary support at $1,560. DeFi and NFT activities remain suppressed amid high US interest rates
Cardano supporters are optimistic but prices remain within a tight range above the primary support at $0.24.
Bitcoin prices are lower when writing but the uptrend remains as long as the support line holds. BTC may reach $29k in sessions ahead.
Ethereum is up 7% from September lows but bulls must break above $1,700 and $1,750 for buy trend continuation
TON prices nearly doubled in two months. Following the Telegram announcement, the coin might break above $3 in upcoming sessions
Bitcoin is up roughly 6% from September lows, a welcomed recovery following steep losses in late August
Ethereum might be up 4% but ETH bears have the upper hand. The coin might fall to as low as $1,500 if bulls fail to break higher
Maker prices are firm and the uptrend is valid. MKR could rise to the $1,400 zone as MakerDAO proceeds with the “Endgame”
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