Bitcoin Could See ‘One Last Shakeout’ In November, Here Are The Levels To Watch

Quick Summary:

After Bitcoin jumped above the $68,000 resistance on Friday morning, Crypto Yapper noted that BTC broke out of a weekly bull flag and was "ready for an exponential move.” The analyst also asserted that the next horizontal level to break before the $70,000 test is $69,000.

MEW Hits $1 Billion Market Cap After New ATH Bitcoin To Face Another Shakeout Soon This Uptober,’ Bitcoin has recorded a 12% surge from its opening price, jumping from the $60,000 support level and reclaiming key resistance zones.

Sherpa shared that the cryptocurrency could see one last shakeout "sometime in November.” He suggested  BTC could face another pullback toward the $62,000-$64,000 price range around the time of the US Presidential elections, scheduled for November 5.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin price Btc Bitcoin correction Bitcoin Bullish Crypto analyst Bitcoin US President elections Crypto market BTCUSDT Crypto investor Uptober Crypto market crash Crypto trader Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 13:00:23 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 73 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23251529

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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