All the top 10 coins are in the green zone at the beginning of the weekend, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has risen by 1.06% since yesterday.
On the hourly chart, the rate of BTC is about to break the local support of $101,700. If it happens, traders may witness a further downward move to the $101,000 range.
On the bigger time frame, the price of the main crypto is within yesterday’s bar, which means neither side is dominating.
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In this case, sideways trading in the narrow range of $100,000-$104,000 is the more likely scenario.
From the midterm point of view, one should pay attention to the nearest support of $98,240. If a breakout happens, the accumulated energy might be enough for a more profound drop to the $90,000-$95,000 zone.
Bitcoin is trading at $101,526 at press time.
Source: https://u.today/bitcoin-btc-price-analysis-for-november-8