Bitcoin and Ethereum – Weekly Technical Analysis – November 1st, 2021

Bitcoin

Bitcoin, BTC to USD, rose by 0.82% in the week ending 31st October. Reversing a 1.07% decline from the week prior, Bitcoin ended the week at $61,330.0.

A bullish start to the week saw Bitcoin rise to a Monday intraweek high $63,666.0 before hitting reverse.

Falling well short of the first major resistance level at $65,285, Bitcoin slid to a Thursday intraweek low $57,606.0.

Bitcoin fell through the first major support level at $58,082, before revisiting $62,900 levels.

A bearish weekend,…


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