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 price fell back to $62,000
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.”
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.
Solana (SOL) also joined the ranks of ETH/USD, which launched its own return, setting a record high of US$235 that day.
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.