⭐️BTCUSD: forecast for Nov 1 - Nov 7
➡️ BTCUSD is trading at $61872. Cryptocurrency quotes are trading in a bullish range, but the moment is hanging by a thread. The cryptocurrency neatly went beyond the border of the resistance of the descending channel and only the resistance level of $62400 is holding back from growth.
There is far from a small likelihood that the resistance will cope with its task and the coin will roll back down. A good entry point to sell can be a price return into a downtrend channel (as an example, this is an individual matter). Before the price reaches the support line of the downtrend channel, it is expected to break the support in the area of $55553.95 - $57875.30. In case of breaking through this area, BTCUSD is likely to sharply roll down to $50000.
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There is far from a small likelihood that the resistance will cope with its task and the coin will roll back down. A good entry point to sell can be a price return into a downtrend channel (as an example, this is an individual matter). Before the price reaches the support line of the downtrend channel, it is expected to break the support in the area of $55553.95 - $57875.30. In case of breaking through this area, BTCUSD is likely to sharply roll down to $50000.
Thanks for your comments and likes 👍
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