⭐️BTCUSD: forecast for Nov 8 - Nov 14
➡️ Bitcoin is trading at $61,323. The cryptocurrency is still under bullish support and is aiming for new highs. At the moment, the coin is trading in the middle of the uptrend channel, from where it is better not to look for an entry point.
As part of the Bitcoin forecast, a test of the $59885.10 and $55875.85 levels is expected. Where can we expect an attempt to continue the growth of BTCUSD and the further development of the upward trend. The purpose of this movement is the area near the level of $70,000. The conservative area for buying Bitcoin is at $59885.10 (BUY-point № 2), a more conservative entry point will be at 55875.85 (BUY-point № 1).
Cancellation of such a buy scenario will be a breakdown of the support line of the uptrend channel.
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As part of the Bitcoin forecast, a test of the $59885.10 and $55875.85 levels is expected. Where can we expect an attempt to continue the growth of BTCUSD and the further development of the upward trend. The purpose of this movement is the area near the level of $70,000. The conservative area for buying Bitcoin is at $59885.10 (BUY-point № 2), a more conservative entry point will be at 55875.85 (BUY-point № 1).
Cancellation of such a buy scenario will be a breakdown of the support line of the uptrend channel.
Thanks for your comments and likes 👍
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