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Ledger Nano X - The secure hardware wallet
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Bitcoin Faces Resistance Near $64K; Support Between $55K-$60K

5 November 2021
in Blockchain
Reading Time: 1 mins read
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Bitcoin (BTC) continues to trade in a tight range, although buyers appear to be holding support above $60,000. Short-term indicators are neutral, although pullbacks could be limited given a series of price breakouts over the past month.

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If buyers fail to hold $60,000, lower support around the 50-day moving average, currently near $55,000, could stabilize a pullback.

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Bitcoin was trading around $61,500 at press time and is roughly flat over the past 24 hours.

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For now, upside momentum is slowing, which suggests a period of consolidation could persist in the short-term. Eventually, indicators suggest momentum could improve to support a breakout in BTC above $65,000 based on positive historical returns in the fourth quarter.



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  • bitcoinBitcoin (BTC) $ 114,532.00
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