Forums
Talk about anything you want!
Login to get your referral link.
BREAKING: Bitcoin teeters at $107,000 support, altcoins in freefall – will the bulls save the day or are we heading for
btc and altcoins facing red zone in november: bears lurking or bulls ready to charge?
btc risks double top reversal under $107,000,
Key points:
– Bitcoin may form a double top reversal pattern if it closes below $107,000 support.
– Altcoins sliding below immediate support levels hint at further declines.
After a weak October, Bitcoin struggles around $107,000 support, indicating potential bearish control. Institutional investor demand slowed with net outflows from BTC ETFs. Analysts warn of a corrective phase if BTC closes below $107,000, while a break above moving averages could signal bullish momentum. 📉📊
S&P 500 Index maintains an uptrend but shows weakening bullish momentum. Sellers eye a drop below 50-day SMA for a deeper correction; buyers aim to defend 20-day EMA and push past 6,920 for a rally. 📈📉
US Dollar Index bounces off 20-day EMA, eyeing 100.50 resistance. Buyers need to keep price above 20-day EMA to target 102 resistance; a close below EMA could lead to a drop to 50-day SMA. 📈📉
Bitcoin and Altcoins Open in the Red in November: Will the Bulls Appear?
3
Voices
2
Replies