Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 8, 2024
Technical Analysis and Outlook:
According to the analysis of the Bitcoin daily chart for November 1, the "Interim Rebound" in Bitcoin has effectively concluded its second stage. This stage occupies the mid-zone of the rally's rebound extension, with the primary target being the Inner Coin Rally mark at 78,500. This movement corresponds with the Outer Coin Rally 81000 and the Main Outer Coin Rally 92000, as projected by TSS in their long-term bullish forecast. However, a potential pullback is anticipated to fulfil the Reignited and Primary rebound criteria.
According to the analysis of the Bitcoin daily chart for November 1, the "Interim Rebound" in Bitcoin has effectively concluded its second stage. This stage occupies the mid-zone of the rally's rebound extension, with the primary target being the Inner Coin Rally mark at 78,500. This movement corresponds with the Outer Coin Rally 81000 and the Main Outer Coin Rally 92000, as projected by TSS in their long-term bullish forecast. However, a potential pullback is anticipated to fulfil the Reignited and Primary rebound criteria.
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