Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17
  • Analysis

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin Fluctuates at $34,000: Where Will Prices Go?
Bitcoin

Bitcoin Fluctuates at $34,000: Where Will Prices Go?

2023-10-29No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the author.

  • Bitcoin consolidated recent recovery gains above $34,000 at the time of writing.
  • Significant purchase orders were $33,000; Sell ​​orders were placed for $35,000 and $40,000.

Bitcoin [BTC] entered a range formation on October 25 and consolidated gains above $34,000. This margin persisted prior to the Fed’s decision on November 1 and could expose King Coin to mild price volatility.


Read Bitcoins [BTC] Price prediction 2023-24


A recent BTC price prediction projected a move to $36k due to open liquidity of $35.9k. The idea had yet to materialize at the time of writing, as BTC failed to break above $35.2k. With the Fed decision looming, what can traders expect next week?

Important BTC Price Levels to Consider

BTC

Source: BTC/USDT on TradingView

Liquidity on the 12-hour chart was $30.9k – $32.8k (white). Above that was a crucial overhead and a bearish order block formed in May 2022 at $38,000-$40,000 (red). However, the immediate hurdle for bulls was the recent and new high of $35.2k.

Noteworthy: over 99% of interest rate traders surveyed expected a Fed interest rate pause in November. So, BTC could witness a slight rebound. The overhead resistance to watch out for was $35.2k, $37.7k and a roadblock of $38k – $40k.

But negative sentiment due to an unlikely Fed rate hike could expose BTC to a downturn. The liquidity area of ​​$30.9k – $32.8k (white) will be a crucial support in such a bearish scenario.

The RSI (Relative Strength Index) and CMF (Chaikin Money Flow) values ​​were positive. It indicated that BTC witnessed massive buying pressure and capital inflows in recent days.

See also  Bitcoin enters 'danger zone' after halving, analyst warns of possible downsides

Purchase orders for $33,000; Major sales orders of $35k/$40k

BTC

Source: Mobchart (BTC buy and limit orders from Binance Exchange on October 29)

Mobchart data showed a huge buying interest under $34,000. So, BTC could try to defend the psychological level of $34,000 in the coming days. Notably, at the time of writing, more than 300 BTCs have placed a buy order for $33,000 on Binance Exchange.

On the sell side, $35,000 and $40,000 recorded significant sell limit orders. At the $35,000 level, there were 218 BTCs for sale on the Binance Exchange at the time of writing. Interestingly, at the $40,000 level, there were also 387 BTCs for sale.


Is your portfolio green? look at the BTC profit calculator


It meant that BTC’s movement above $35,000 could become challenging if more players lose their holdings at this level.

At the same time, a move below $33,000 could be far-fetched given the huge demand. The level was within liquidity on a chart, reinforcing it as a crucial demand level.

Source link

Bitcoin Fluctuates prices
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum cools down as Bitcoin Strances: the rotation game of Smart Money Decoding!

2025-05-19

Bitcoin’s transaction costs rises to a YTD height of $ 2.4

2025-05-19

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19
Add A Comment

Comments are closed.

Top Posts

If this happens, Bitcoin Price will shoot at $ 140,000, says Analyst

2025-03-07

Xaman 3.0 unveils universal transaction signing and monetization

2024-10-04

Public input is crucial in the development of AI, say social scientists

2023-09-06
Editors Picks

Nigeria is reportedly promoting the Crypto Tax Plan while struggling with the Binance dispute

2025-02-18

Crypto analyst warns that Bitcoin (BTC) is at risk of further correction – this is his target

2024-06-29

World AI stability works together with Rabbit Launchpad to stimulate the next generation Web3 AI, NFT and decentralized creativity

2025-02-13

Whale that collected Ethereum at $11.21 offloads ETH after being inactive for over eight years: on-chain data

2024-09-18

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

Ethereum – price cannot break through – what does it stop?

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,308.92-1.01%
  • ethereumEthereum(ETH)$2,451.46-4.26%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.34-3.67%
  • binancecoinBNB(BNB)$643.79-1.21%
  • solanaSolana(SOL)$163.71-6.20%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.220620-4.27%
  • cardanoCardano(ADA)$0.73-5.08%
  • tronTRON(TRX)$0.265657-3.04%
  • suiSui(SUI)$3.74-5.96%
  • chainlinkChainlink(LINK)$15.41-4.76%
  • avalanche-2Avalanche(AVAX)$22.00-6.93%
  • stellarStellar(XLM)$0.283224-4.08%
  • hyperliquidHyperliquid(HYPE)$25.98-4.78%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.24%
  • hedera-hashgraphHedera(HBAR)$0.189955-4.16%
  • unus-sed-leoUNUS SED LEO(LEO)$8.59-1.28%
  • bitcoin-cashBitcoin Cash(BCH)$387.21-4.31%
  • litecoinLitecoin(LTC)$96.85-3.15%
  • the-open-networkToncoin(TON)$2.95-6.37%
  • polkadotPolkadot(DOT)$4.56-6.07%
  • moneroMonero(XMR)$344.060.36%
  • bitget-tokenBitget Token(BGB)$5.14-2.87%
  • pepePepe(PEPE)$0.000013-5.51%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.72-2.73%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.84-5.93%
  • bittensorBittensor(TAO)$403.13-7.18%
  • aaveAave(AAVE)$226.56-3.38%
  • nearNEAR Protocol(NEAR)$2.74-6.09%
  • aptosAptos(APT)$5.10-3.57%
  • okbOKB(OKB)$52.03-2.91%
  • ondo-financeOndo(ONDO)$0.92-4.82%
  • kaspaKaspa(KAS)$0.107102-7.29%
  • ethereum-classicEthereum Classic(ETC)$18.08-4.13%
  • internet-computerInternet Computer(ICP)$5.14-4.31%
  • gatechain-tokenGateToken(GT)$21.38-1.72%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.75-3.95%
  • crypto-com-chainCronos(CRO)$0.094428-6.18%
  • mantleMantle(MNT)$0.73-2.29%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232111-4.64%
  • vechainVeChain(VET)$0.027669-4.85%
  • render-tokenRender(RENDER)$4.51-5.64%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.359446-10.14%
  • filecoinFilecoin(FIL)$2.82-4.10%
  • algorandAlgorand(ALGO)$0.218504-4.51%
  • arbitrumArbitrum(ARB)$0.381579-5.15%
  • bitcoinBitcoin(BTC)$104,308.92-1.01%
  • ethereumEthereum(ETH)$2,451.46-4.26%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.34-3.67%
  • binancecoinBNB(BNB)$643.79-1.21%
  • solanaSolana(SOL)$163.71-6.20%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.220620-4.27%
  • cardanoCardano(ADA)$0.73-5.08%
  • tronTRON(TRX)$0.265657-3.04%
  • suiSui(SUI)$3.74-5.96%
  • chainlinkChainlink(LINK)$15.41-4.76%
  • avalanche-2Avalanche(AVAX)$22.00-6.93%
  • stellarStellar(XLM)$0.283224-4.08%
  • hyperliquidHyperliquid(HYPE)$25.98-4.78%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.24%
  • hedera-hashgraphHedera(HBAR)$0.189955-4.16%
  • unus-sed-leoUNUS SED LEO(LEO)$8.59-1.28%
  • bitcoin-cashBitcoin Cash(BCH)$387.21-4.31%
  • litecoinLitecoin(LTC)$96.85-3.15%
  • the-open-networkToncoin(TON)$2.95-6.37%
  • polkadotPolkadot(DOT)$4.56-6.07%
  • moneroMonero(XMR)$344.060.36%
  • bitget-tokenBitget Token(BGB)$5.14-2.87%
  • pepePepe(PEPE)$0.000013-5.51%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.72-2.73%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.84-5.93%
  • bittensorBittensor(TAO)$403.13-7.18%
  • aaveAave(AAVE)$226.56-3.38%
  • nearNEAR Protocol(NEAR)$2.74-6.09%
  • aptosAptos(APT)$5.10-3.57%
  • okbOKB(OKB)$52.03-2.91%
  • ondo-financeOndo(ONDO)$0.92-4.82%
  • kaspaKaspa(KAS)$0.107102-7.29%
  • ethereum-classicEthereum Classic(ETC)$18.08-4.13%
  • internet-computerInternet Computer(ICP)$5.14-4.31%
  • gatechain-tokenGateToken(GT)$21.38-1.72%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.75-3.95%
  • crypto-com-chainCronos(CRO)$0.094428-6.18%
  • mantleMantle(MNT)$0.73-2.29%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232111-4.64%
  • vechainVeChain(VET)$0.027669-4.85%
  • render-tokenRender(RENDER)$4.51-5.64%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.359446-10.14%
  • filecoinFilecoin(FIL)$2.82-4.10%
  • algorandAlgorand(ALGO)$0.218504-4.51%
  • arbitrumArbitrum(ARB)$0.381579-5.15%