Bitcoin is still stuck in the same tight box at midday, and the box is getting smaller. 📈
The candle chart shows a 24 hour range of 77,616 to 78,733 dollars, with a last close near 78,301 dollars, checked at midday on 2 November. Source: CoinGecko price data. The recent closes, 78,596, then 78,603, then 78,400, then 78,301, show price drifting down from the top of the range, not breaking out. 📊 My reading is that buyers defended the range, but they have not reclaimed anything yet. The next reclaim level is 79,200 dollars, then the 80,300 to 80,900 resistance zone. Source: Delta Exchange research, quoted in Hindu Business Line, 2 November.
Does Bitcoin reclaim 79,200 first, or slip back to the 77,616 low? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinRange