Bitcoin reversed Tuesday’s gains, and Solana joined Ethereum at a record high


Bitcoin (Bitcoin) Fell to a 24-hour low before the opening of Wall Street on November 3, because the previous bull market stopped at $64,000.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

BTC price fell back to $62,000

Data from Cointelegraph Markets Pro with Transaction view After Tuesday’s volatility, the return of flat sideways price movements was confirmed.

As Cointelegraph Report, BTC/USD rose by nearly $4,000 before peaking, then its momentum weakened and hit a low of $62,400 at the time of writing.

As with the halving in the fourth quarter, analysts continue to discard any bearish theories.

“The market looks ready,” the popular Twitter account TechDev concluded.

Independence postal Re-examined the Fibonacci level at the top of the Bitcoin price cycle after the halving in the fourth quarter of 2013 and 2017.

If BTC/USD repeats its history, even the upcoming expansion of 4.236 to $73,500 will mark the beginning, not the end, of the strongest rise.

“Will it mark the top, or will we break the record 2.272 again? I certainly can’t say for sure, but I do hope the top of the 2-week RSI channel tells us,” he wrote, citing Bitcoin’s Bullish Relative strength index.

“But if you didn’t expect either, but you think that BTC will suddenly reach linear 4.236 for the first time in history, and the 2-week RSI will fail to reach the channel for the first time in history…For me, This is a very low probability bet.”

Annotated BTC/USD chart with Fibonacci levels.Source: TechDev/Twitter

In the short term, the funding interest rate rises again Climb higher It coincided with the price drop.

SOL replaced DOT in altcoins and hit a record high

On Wednesday, altcoins continued to remain calm because of ether (Ethereum) Continue to hit record highs.

related: Data shows that November is the best month for the S&P 500 Index, and Bitcoin “Moonvember” begins

Solana (SOL) also joined the ranks of ETH/USD, which launched its own return, setting a record high of US$235 that day.

SOL/USD 1-day candlestick chart (FTX). Source: TradingView

At the same time, Polkadot (DOT), which broke a new record on Tuesday, took a break and was still above $50 at the time of writing.

Cointelegraph reported earlier that ETH was placed in Up to 14,000 USD And point at Next 100 dollars.