Bitcoin (BTC), which made its weekly closing price above $34,500 on Sunday evening, started to give positive signals for November. Stepping into the new week above $34,500, Bitcoin (BTC) is giving the green light to the market day by day. A pricing above $34,000 shows that the appetite in the market continues. At the same time, which levels are important to follow for BTC, which continues its strong stance with its weekly opening price? How are things going on the technical analysis side?
Bitcoin (BTC), which has demonstrated an incredible performance since mid-October, has taken many factors, especially fundamental analysis, behind it. The leader of cryptocurrencies, which started at $28,000 and quickly climbed to $35,000, focused its attention on November. Currently trading in the $34,300 band, BTC will want to target $36,520 and $37,347 if it exceeds $35,305. If the $37,347 level breaks in November, $40,000 increases could occur in just one month.
Failure to exceed $35,300 or the re-release of Fud news will destabilize the price. The levels where a pullback can be expected in such a scenario are $33,667 – $33,188 – $32,589 – $31,807 – $31,439 – $30,805 – $30.0005 and finally $29,547.
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