Bitcoin - Review as of November 1, 2024
Published on 01.11.2024 11:34
At the time of preparing the review, the market lacked the necessary conditions to overcome the historical maximum. General uncertainty ahead of the upcoming US elections plays a role in this, but in addition, the dollar was supported by a large-scale decrease in US stock indexes on Thursday, triggered by sales of major technology companies, led by Microsoft, which lost 6.1%. Bitcoin quotes have decreased, however, a relatively broad zone of $66,000-$69,000 acts as a support, which may give a chance for a new wave of growth. Nevertheless, if the price manages to overcome it, significant movement goals may be closer to the $61,000-$60,000 marks.