Bitcoin predictions for November remain firmly bullish, although some volatility around $74k could arise on the lower timeframes...
Hence, the question – Is BTC ready for another phase of price discovery, or should traders wait a bit longer to see new highs?Using the rally from January to March, a set of Fibonacci levels were plotted. They showed that beyond $73.7k, the $82k and $95.5k levels would be the next targets.Therefore, a breakout beyond $74k should not be faded. Instead, it would be a sign of strength and a move towards $95k could commence in November.BTC has already swept the cluster of liquidation levels at $72.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionAkashnath Sumukar works as a Senior Journalist at AMBCrypto. Based in Chennai, India, he has been an avid follower of the cryptocurrency market since Bitcoin’s boom and bust cycle of 2017. A graduate in Chemical Engineering, he is an expert in technical analysis.
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