The post Bitcoin (BTC) Price Analysis for November 8 appeared on BitcoinEthereumNews.com. All the top 10 coins are in the green zone at the beginning of the weekend, according to CoinStats. Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has risen by 1.06% since yesterday. Image by TradingView 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. Image by TradingView On the bigger time frame, the price of the main crypto is within yesterday’s bar, which means neither side is dominating. You Might Also Like In this case, sideways trading in the narrow range of $100,000-$104,000 is the more likely scenario. Image by TradingView 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-8The post Bitcoin (BTC) Price Analysis for November 8 appeared on BitcoinEthereumNews.com. All the top 10 coins are in the green zone at the beginning of the weekend, according to CoinStats. Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has risen by 1.06% since yesterday. Image by TradingView 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. Image by TradingView On the bigger time frame, the price of the main crypto is within yesterday’s bar, which means neither side is dominating. You Might Also Like In this case, sideways trading in the narrow range of $100,000-$104,000 is the more likely scenario. Image by TradingView 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