Bitcoin is knocking on 78,000 again, and the V shape is now the afternoon story. 📈
CoinGecko data checked at 14:00 PKT on 4 November puts Bitcoin near 78,402 dollars, up 2.48 percent in 24 hours, after a range of 75,695 to 78,368 dollars, with recent closes climbing from 77,909 to 78,218, then 78,040 and then 78,289 dollars. Ethereum is near 2,322 dollars, up 3.07 percent, total market value is 2.65 trillion dollars, Bitcoin dominance is 59.35 percent and Ethereum dominance is 10.69 percent. 📊 My reading is that the recovery is no longer just a bounce off the low, because price has now reclaimed the whole election night dip and is pressing the top of the day range. The next real test is a clean hold above 78,368 dollars.
Does Bitcoin break 78,368 this afternoon, or get rejected back toward 77,000 first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
CoinGecko data checked at 14:00 PKT on 4 November puts Bitcoin near 78,402 dollars, up 2.48 percent in 24 hours, after a range of 75,695 to 78,368 dollars, with recent closes climbing from 77,909 to 78,218, then 78,040 and then 78,289 dollars. Ethereum is near 2,322 dollars, up 3.07 percent, total market value is 2.65 trillion dollars, Bitcoin dominance is 59.35 percent and Ethereum dominance is 10.69 percent. 📊 My reading is that the recovery is no longer just a bounce off the low, because price has now reclaimed the whole election night dip and is pressing the top of the day range. The next real test is a clean hold above 78,368 dollars.
Does Bitcoin break 78,368 this afternoon, or get rejected back toward 77,000 first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
