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Bitcoin (BTC) 
$104,821 retraced after exceeding $71,000, settling at $70,000 during the writing of this article. BTC faced resistance for the second time at this level. The inability to maintain above $71,500 is not favorable for short-term performance. Additionally, multiple uncertainties are pressuring buyers. What is the current state of cryptocurrencies?
Bitcoin (BTC)
The all-time weak peak remains unbroken. If BTC had seen an increase of $133 recently, it would have surpassed the record level. Unsuccessful peak attempts are motivating risk reduction in altcoins for traders. With the possibility of Iranian retaliation, the U.S. elections on November 5, and the Fed’s interest rate decisions on November 7, many events are likely to increase volatility in the upcoming days.
Stockmoney Lizards argues that fixating excessively on events in a broader context is unproductive.
“Bitcoin is quite volatile, and individual investors often become confused by fluctuations, typically buying during swings and selling during declines.
However, Bitcoin is fundamentally simple. With patience, one can accumulate wealth without needing to trade, taking advantage of good entry prices. As seen in the chart, BTC generally surges after 1.5 years of a bear market, crossing above the EMA50 (weekly). Each EMA50 retest or crossover has historically marked a significant opportunity.
Even now, it appears to be the right play. Four weeks ago, BTC touched the EMA50 again and has since risen by approximately 40%. And it won’t stop there… More is on the way.”
Lark Davis, like Hayes, is focusing on the growing U.S. debt.
“The U.S. national debt currently stands at $35 trillion. More than a third of this (12T$) has been printed in the last four years. The cash you hold is weakening by the day.
I wish we had an asset with a limited supply to correct this situation.
Wait, we do. Yes, BTC.”
GOAT Coin Predictions
One of the trending meme coins in recent days, and notably the first AI-supported meme coin, is generating excitement. We’ve witnessed significant growth from first movers in such trends. GOAT Coin serves as a prime example, having reached a market capitalization near $1 billion at its peak.
In today’s analysis, Altcoin Sherpa wrote that consolidation would continue for a new rally. The price is expected to hover around $0.5, laying the groundwork for larger peaks.
