{"id":596580,"date":"2023-11-04T17:07:30","date_gmt":"2023-11-04T14:07:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-bulls-defend-34k-as-trader-predicts-next-btc-price-impulse\/"},"modified":"2023-11-04T17:07:30","modified_gmt":"2023-11-04T14:07:30","slug":"bitcoin-bulls-defend-34k-as-trader-predicts-next-btc-price-impulse","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-bulls-defend-34k-as-trader-predicts-next-btc-price-impulse\/","title":{"rendered":"# Bitcoin bulls defend $34K as trader predicts next BTC price &#8216;impulse&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6afa1befee682\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6afa1befee682\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-bulls-defend-34k-as-trader-predicts-next-btc-price-impulse\/#%E2%80%9CSignificant%E2%80%9D_event_sets_up_BTC_price_upside\" >&#8220;Significant&#8221; event sets up BTC price upside<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-bulls-defend-34k-as-trader-predicts-next-btc-price-impulse\/#Traders_note_key_downside_levels\" >Traders note key downside levels<\/a><\/li><\/ul><\/nav><\/div>\n<p itemprop=\"description\" class=\"post__lead\" data-v-8081b7b6> Bitcoin is setting up for another <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> past $35,000, analysis argues as BTC price settles into the weekend. <\/p>\n<p><\/p>\n<div class=\"post-content\" data-v-8081b7b6>Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-11\/d4f50c1d-eb6b-43f2-915a-9848d9b78683.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CSignificant%E2%80%9D_event_sets_up_BTC_price_upside\"><\/span>&#8220;Significant&#8221; event sets up BTC price upside<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a> showed BTC price support holding after the end of Wall Street trading.<\/p>\n<p>The largest cryptocurrency saw a revisit of intraday lows the day prior, but $34,000 successfully passed the test as a short-term BTC price floor.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> has been above $34k for 11 days now.<br \/>Healthy accumulation zone.<\/p>\n<p>\u2014 James V. Straten (@jimmyvs24) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jimmyvs24\/status\/1720794754655338714?ref_src=twsrc%5Etfw\">November 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>After nearly hitting $36,000 during the week, Bitcoin was still a favorite for traders eyeing potential upside continuation.<\/p>\n<p>In his latest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1720704993957663004\">video update<\/a> on the day, popular trader Credible Crypto suggested that a trip past $35,000 was the logical next step.<\/p>\n<p>Uploading Elliott Wave analysis to X, Credible Crypto revealed three key levels to watch: $34,314, $34,714 and $35,119, forming the range low, midrange point and high, respectively. <\/p>\n<p>\u201cThe key thing here is that we\u2019ve impulsed above the midrange and now we want to see if we can hold that as a reclaim,\u201d he explained.<\/p>\n<blockquote><p>\u201cIn that case, what we\u2019ve essentially done here is reclaimed the midrange for continuation up. Rather than a move off the range lows, we\u2019re making a move off the midrange.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-11\/f25230aa-dae9-46f4-810d-8125af86ea9b.jpeg\"><figcaption style=\"text-align: center;\"><em>BTC\/USD chart with range levels. Source: Credible Crypto\/X<\/em><\/figcaption><\/figure>\n<p>Credible Crypto added that strong volume \u2014 a \u201csignificant event\u201d \u2014 was helping trajectory, along with a lack of desire to sell at current levels.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Traders_note_key_downside_levels\"><\/span>Traders note key downside levels<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Continuing on how the weekend and weekly close could shape up, Daan Crypto Trades noted the proximity of the CME Bitcoin futures Nov. 3 closing price.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin to the moon! Top 5 BTC price predictions for 2024 and beyond<\/em><\/strong><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcon?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcon<\/a> Let&#8217;s see how the weekend will do this time around.<\/p>\n<p>Been saying this every week but remember that during a strong trend, the probability of price creating a gap and not closing it im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely, is much higher than during a choppy market. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/czqKbPXDg1\">pic.twitter.com\/czqKbPXDg1<\/a><\/p>\n<p>\u2014 Daan Crypto Trades (@DaanCrypto) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DaanCrypto\/status\/1720765835869077635?ref_src=twsrc%5Etfw\">November 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As Cointelegraph reported, CME futures &#8220;gaps&#8221; have been closed around BTC spot price, with a major exception near $20,000 forming one component of the bearish thesis that calls for a return to those levels in the coming months.<\/p>\n<p>Fellow trader Jelle meanwhile noted the 200-period exponential moving average (EMA) acting as a key support line on 1-hour timeframes.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is retesting the 1h 200 EMA for the first time in 18 days, 25% higher than the last retest.<\/p>\n<p>MAs have caught up to price, next leg higher after the weekend? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/PdwPIzHNk0\">pic.twitter.com\/PdwPIzHNk0<\/a><\/p>\n<p>\u2014 Jelle (@CryptoJelleNL) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoJelleNL\/status\/1720394191786676706?ref_src=twsrc%5Etfw\">November 3, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&#8220;Losing $34,100 is where i will look for a hedge short against my long position,&#8221; Crypto Tony <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1720716510812135569\/photo\/1\">told<\/a> X subscribers in an update on his own market navigation. <\/p>\n<blockquote><p>&#8220;And would be ideal for anyone looking for a new entry I remain in my long though while we hold above $33,000.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-11\/a17b7d1d-b7dc-4510-919f-c7b43e80c57a.jpeg\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart. Source: Crypto Tony\/X<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/cointelegraph.com\/news\/bitcoin-bulls-defend-34k-trader-predicts-next-btc-price\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is setting up for another trip past $35,000, analysis argues as BTC price settles into the weekend. Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher. BTC\/USD 1-hour chart. Source: TradingView &#8220;Significant&#8221; event sets up BTC price upside Data from Cointelegraph Markets Pro and TradingView showed BTC&#8230;<\/p>\n","protected":false},"author":1,"featured_media":596581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-11\/023cbb7d-9975-4562-ab20-2611cf6ec3e5.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-596580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/596580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=596580"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/596580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/596581"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=596580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=596580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=596580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}