Bitcoin Zigzags Around $70,000: What Is Going On?
Posted On November 1, 2024
Bitcoin’s (CRYPTO: BTC) continued its volatile trading action around the $70,000 mark on Friday morning as traders and analysts try to pin down key support and resistance levels.
What Happened: Bitcoin dipped to a low of $68,840 during the Asian trading session but has since recovered above $70,200 at the time of writing. The apex crypto is down 2.7% over the past 24 hours per Coingecko data.
Pseudonymous crypto trader Astronomer Zero shared a cautiously optimistic outlook on his X profile on Thursday, identifying $69,500 as a crucial price point.
He targeted the area as an entry …
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