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Bitcoin finds a base ahead of 60k

05 Nov, 2021

Yesterday Bitcoin spent most of the session tracking lower once more. The lead cryptocurrency fell back from just above 63k, to just below 61k by the time of the wider US market close. The low print last night was at around 60,775. It has rebounded again today, rising back above 62,500 a little earlier on. The high so far has been set at 62,615. The immediate range still seems to be covered by 60-63k for the time being and once again it looks to be taking a lead from its number two, Ether which has continued to reject a move above 4650 so far this week. The outlook for BTC is clearly still positive, but momentum has also stalled so far this week. There can be no denying that either. Bitcoin is currently trading at 62,300
 

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