Bitcoin - Overview from 04.11.2024

Financial and commodity markets analytics


The range of quotations from $66000 to $69000 still represents a support zone.

However, the price is re-testing its strength after a failed attempt to resume growth. The general context appears so that the market participants are missing fundamental reasons to break through the historical price peak. This uncertainty could be due to the impending US presidential election, scheduled for November 5th. The outcome can significantly affect US policy concerning digital asset regulation. In case of price decline, the immediate targets are closer to the $60000-61000 range.