Bitcoin's October Decline Sparks Uncertainty for November
TL;DR
Bitcoin has fallen below its 200-day moving average at $109,800, signaling potential further downside to around $94,200, but its long-term momentum remains positive with a possible target of $134,500 if the trend continues.
Topics:businessvirtual-currencies#bitcoin#cryptocurrency#long-term-trend#price-support#technical-analysis#virtual-currencies
- Bitcoin falls below a key level. The crypto may head toward $94,200 next. MarketWatch
- Cryptocurrencies Slump as October Liquidations Repel Buyers Bloomberg
- Lacking Conviction Glassnode Insights
- Bitcoin Set for Worst October Since 2018. What Could Come Next. Barron's
- Experts predict bitcoin is “in for a choppy November” Sherwood News
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