Bitcoin

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The <a href="https://u.today/doge-price-analysis-for-october-28">cryptocurrency market</a> is mainly trading neutrally on the last day of the week.
<img data-entity-type="file" data-entity-uuid="13085e47-4525-4fad-98ed-7f948391aa09" src="https://u.today/sites/default/files/inline-images/top10_741.png">Top coins by <a href="https://coinmarketcap.com/">CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has fallen by 0.46% since yesterday. Over the last week, the price has risen by 14.37%.
<img data-entity-type="file" data-entity-uuid="adfcf0a9-100a-428b-9804-49de76f3e5e8" src="https://u.today/sites/default/files/inline-images/btc1_148.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>
Despite today's slight fall, the price of BTC is looking bullish on the hourly chart. The rate is trying to fix above the local resistance of $34,279. If that happens, the upward move may continue to the $34,500 zone soon.
<img data-entity-type="file" data-entity-uuid="b769221a-335a-498b-80bb-b86e41da1a82" src="https://u.today/sites/default/files/inline-images/btc2_132.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>
A different picture is on the daily time frame. The price of BTC keeps rising after a false breakout of the support level of $33,686. However, it remains far from the resistance.
If today's bar closes near $34,500, there is a chance to see a test of the $35,000 zone within the next few days.
<img data-entity-type="file" data-entity-uuid="fd4620dc-1385-4583-a540-addbcc3598c3" src="https://u.today/sites/default/files/inline-images/btc3_131.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>
On the weekly chart, the bar is about to close in the bullish zone. While the rate remains above the $31,500 level, buyers are more powerful than sellers. In this case, traders are likely to see a test of $36,000 next month.
Bitcoin is trading at $34,297 at press time.

Bitcoin (BTC) Price Analysis for October 29

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