Bitcoin

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Most coins are trading in the red zone, according to <a href="https://u.today/xrp-price-prediction-for-october-31" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1450.png" data-entity-uuid="6644992d-00ea-4624-b214-356379ccfa12" data-entity-type="file" data-caption="Top coins by<a href=&quot;https://coinmarketcap.com/&quot;> CoinMarketCap</a>&amp;nbsp;">
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has declined by 1.56% over the last 24 hours. <img src="https://u.today/sites/default/files/inline-images/btc1_235.png" data-entity-uuid="ed01f5f8-46d3-49a9-a4d4-e6f4bf2ce993" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/BTCUSDT&quot;>TradingView</a>">
On the hourly chart, the price of BTC has broken the local resistance of $70,370. If the growth continues, there is a chance to see a test of the $72,000 zone by tomorrow. <img src="https://u.today/sites/default/files/inline-images/btc2_216.png" data-entity-uuid="31fae9e9-100f-40a6-97ce-8aa047953b6c" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/BTCUSDT&quot;>TradingView</a>">
On the daily time frame, buyers are trying to seize the initiative after yesterday's bearish closure. If their pressure continues, one can expect a further upward move to the resistance of $73,794 shortly. <img src="https://u.today/sites/default/files/inline-images/btc3_214.png" data-entity-uuid="c6b57e8f-847e-4b41-ad99-8a972f1be4a9" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/BTCUSDT&quot;>TradingView</a>">
From the midterm point of view, one should wait until the weekly candle closes.
If it happens near the resistance and with no long wick, the accumulated energy might be enough for a breakout, followed by a test of the $75,000 mark.
Bitcoin is trading at $71,432 at press time. <a href="https://u.today/bitcoin-btc-price-prediction-for-november-1" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Bitcoin (BTC) Price Prediction for November 1

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