Bitcoin Cost Forecast for Today, November 4: BTC/USD Swings Above $21,000

The Bitcoin rate forecast reboots the uptrend after crossing above the vital barrier of $21,000 to touch the everyday high of $21,298.

Bitcoin Forecast Data Data:

Bitcoin rate now– $21,265.
Bitcoin market cap– $399.8 billion.
Bitcoin flowing supply– 19.1 million.
Bitcoin overall supply– 19.1 million.
Bitcoin Coinmarketcap ranking– # 1.

BTC/USD Long-lasting Pattern: Ranging (Day-to-day Chart)

Secret levels:

Resistance Levels: $24,000, $25,000, $26,000

Assistance Levels: $18,500, $17,500, $16,500

BTC/USD looks green today as the rate hovers above the resistance level of $21,000 from the low of $20,181.61. Nevertheless, an everyday close above the $22,000 level can continue to increase the Bitcoin rate to $23,000. At the minute, all eyes concentrate on the next difficulty above the upper border of the channel as a constant rate boost might motivate more purchasers to sign up with the marketplace if bulls increase their positions.

Bitcoin Cost Forecast: BTC Might Dive to the Advantage

At the time of composing, the Bitcoin rate is moving somewhat at its present rate of $21,265 with 2 straight bullish days. According to the everyday chart, this marks a significant climb from the opening rate of $20,208 level; for that reason, it is necessary to keep in mind that the present rate motion might break above the upper border of the channel.

However, if the marketplace chooses to fall listed below the 9-day and 21-day moving averages, the Bitcoin rate might go towards the lower border of the channel, and prior to getting to this barrier, traders might have struck the assistance levels at $18,500, $17,500, and $16,500 respectively. All the very same, any more bullish motion might press the coin to the resistance level of $24,000, $25,000, and $26,000 as the Relative Strength Index (14) transfers to cross above 70-level, recommending more bullish signals.

BTC/USD Medium-term Pattern: Ranging (4H Chart)

According to the 4-hour chart, the Bitcoin rate is hovering above the 9-day and 21-day moving averages as the intraday trading looks bullish dealing with the upper border of the channel to strike the resistance level of $22,000 and above.

Nevertheless, if the purchasers stopped working to keep pressing the marketplace up, traders can anticipate a retreat listed below the assistance level of $20,000, and breaking this level might even more bring the rate listed below the lower border of the channel to reach the assistance level of $19,700 and below. On the other hand, the Relative Strength Index (14) is most likely to cross listed below the 60-level, recommending bearish signals.

IMPT Getting More Popular

The IMPT presale raises over $12 million. The IMPT reinvents the principle of carbon credit. This is the best time to sign up with the presale and go into the ground flooring, as an IMPT token expense around $0.023.

Dash 2 Trade (D2T) Presale Getting Hotter

Dash 2 Trade raises over $4 million in its presale and exposes that LBANK Exchange will be the very first CEX to offer its D2T token. The business struck that standard in current weeks after releasing its public token sale.

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