Bitcoin (BTC) is currently consolidating in the range between $34,800 and $35,250.
If BTC breaks the $35,250 key resistance, it could pave the way for the $36,150 price target.
Bitcoin (BTC) has found itself caught in a stiff consolidation phase, with price levels swinging between $34,800 and $35,250. Despite several attempts by the bulls to break through the resistance at $35,250, the bears have proved strong around the $35,300 and $35,550 levels.
This week, Bitcoin made multiple efforts to breach the critical $35,250 resistance, but all endeavors fell short. The price reached a high of approximately $35,286 before embarking on a corrective downward trajectory.
Notably, a significant spike occurred in Bitcoin’s value, surging from the low of $34,288 to a high of $35,902 on November 2nd. However, the past 24 hours have seen a minor uptick of 0.29% in Bitcoin’s price, bringing it to $34,920. During this period, trading volume rose by 4.18% to $13 billion, and the cryptocurrency’s
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