Bitcoin Price Prediction for Today, November 3: BTC Price Slides Downward with a Potential Drop to $19.8K
Bitcoin Approaches the Current Support with a Potential Drop to $19.8K – November 3, 2022
On November 2, BTC/USD fell to a low of $20,055, with a potential drop to $19.8K. The $20,400 resistance level has caused the upward reversal to stall. The simple line is that if buyers are unable to get through the initial resistance at $20.400, Bitcoin could experience more declines. Bitcoin Price Statistics Data: •Bitcoin price now – $20,107.68 •Bitcoin market cap – $20,107.68 •Bitcoin circulating supply – 19,197,043.00 BTC •Bitcoin total supply – $423,262,070,763 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000
Bitcoin’s (BTC) price trades above the moving average lines or the $20,000 psychological price level. The rising movement has met resistance below the $20, 400 price level after the recent dip above the $20,055 support. It follows that th...