Bitcoin

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The <a href="https://u.today/btc-eth-and-bnb-price-analysis-for-november-9">market</a> might need some time to gain energy for a further move.
<img data-entity-type="file" data-entity-uuid="4f369655-0f36-4e16-af37-a422ff30b863" src="https://u.today/sites/default/files/inline-images/tpo10_3.png">Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The price of Bitcoin (BTC) has dropped by 1.48% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="14ecdf48-3826-44d7-9490-5fff900efd5e" src="https://u.today/sites/default/files/inline-images/btc1_150.png">Image by&nbsp;<a href="https://www.tradingview.com/sybols/BTCUSD">TradingView</a>
On the hourly chart, the situation is unclear at the current moment, as neither bulls nor nears have seized the initiative yet. However, if the bar closes near the $37,268 mark, buyers are likely to keep the upward move to the $38,000 zone.
<img data-entity-type="file" data-entity-uuid="e40c6c84-4340-4f10-8c30-e7f822d702c7" src="https://u.today/sites/default/files/inline-images/btc2_134.png">Image by&nbsp;<a href="https://www.tradingview.com/sybols/BTCUSD">TradingView</a>
On the daily time frame, the price is stuck in a narrow channel, between the support at $35,968 and the resistance of $37,978. The volume has declined, so BTC needs time to get power for a further move.
All in all, consolidation in the area of $36,500-$37,500 is the more likely scenario for the next few days.
<img data-entity-type="file" data-entity-uuid="d11a1a44-4d7f-48d5-a3eb-afcc4f23624f" src="https://u.today/sites/default/files/inline-images/btc3_133.png">Image by&nbsp;<a href="https://www.tradingview.com/sybols/BTCUSD">TradingView</a>
From the midterm point of view, buyers remain more powerful than sellers are the rate keeps going up after a breakout of the $31,500 level. If the candle closes with no long wick, the rise may continue to the $40,000 area and above.
Bitcoin is trading at $37,109 at press time.

Bitcoin (BTC) Price Analysis for November 10

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