BITCOIN ANALYSIS TODAY (November 06)
The current bitcoin price on Coindesk on November 5 at 11:44 am at $21,420.06, a sharp increase of 5.35% compared to 24 hours ago.
According to data from Coindesk, in the past 24 hours, the lowest bitcoin price dropped to $ 20,315.95. The highest bitcoin transaction price in the past 24 hours is $21,469.30.
Bitcoin trading volume in the last 24 hours is 1.44 billion USD. Market capitalization increased to $411.17 billion. The circulating supply is 19.19 million.
Macro factor
The crypto market has benefited from the latest US economic data, while the greenback is showing signs of weakness. In years, the US dollar index (DXY) lost 2% in a day for the first time, helping to fuel a rally in risk assets.
On Friday, as the global crypto market cap rose more than 5.4% against the greenback, US stocks also recovered later in the day, with the four major stock indexes all up.
Bitcoin and Altcoins
Data from TradingView shows that BTC/USD has set a new 7-week high at $21,473.
According to technical analysis, BTC needs to avoid the $21,294 pivot point and break through the key resistance (R1) of $21,489. If it fails, BTC will drop to the key support (S2) of $21,119.
According to data from Coindesk, in the past 24 hours, the lowest bitcoin price dropped to $ 20,315.95. The highest bitcoin transaction price in the past 24 hours is $21,469.30.
Bitcoin trading volume in the last 24 hours is 1.44 billion USD. Market capitalization increased to $411.17 billion. The circulating supply is 19.19 million.
Macro factor
The crypto market has benefited from the latest US economic data, while the greenback is showing signs of weakness. In years, the US dollar index (DXY) lost 2% in a day for the first time, helping to fuel a rally in risk assets.
On Friday, as the global crypto market cap rose more than 5.4% against the greenback, US stocks also recovered later in the day, with the four major stock indexes all up.
Bitcoin and Altcoins
Data from TradingView shows that BTC/USD has set a new 7-week high at $21,473.
According to technical analysis, BTC needs to avoid the $21,294 pivot point and break through the key resistance (R1) of $21,489. If it fails, BTC will drop to the key support (S2) of $21,119.