Bitcoin Regains $70,000 After Brief Dip

Bitcoin fell below $69,000 on November 1, but strong buying interest from the bulls pushed it back above $70,000, indicating positive sentiment. As Bitcoin nears its all-time high of $73,777, sellers may start to enter the market.

On October 31, Glassnode data showed that short-term holders (STHs) — entities holding Bitcoin for up to 155 days — moved 54,352 BTC to exchanges, indicating an increase in speculative selling.

Ethereum (ETH) Price Analysis

Ether declined from the resistance line of the symmetrical triangle on October 30, dipping below the 50-day SMA at $2,523 on November 1. ETH/USDT is holding support near the uptrend line.

If the price rises above the 20-day EMA at $2,558, the pair could rally to test resistance at $2,850, indicating a potential trend reversal.

BNB Price Analysis

BNB fell below the 50-day SMA at $579 on October 31, but bears failed to maintain control on November 1. Buyers reclaimed the 50-day SMA and are pushing toward the 20-day EMA at $587.

If successful, BNB/USDT could reach $612 and possibly test the resistance at $635. A break above $635 may indicate an upward trend toward $722.

Solana (SOL) Price Analysis

Solana held its breakout level of $164 on November 1, indicating bullish strength. Buyers aim to push SOL/USDT above near-term resistance at $183, which could lead to a rally to $189.

If sellers defend $189 but the bulls prevail, the pair could potentially reach $210.

XRP Price Analysis

XRP remains below the 20-day EMA at $0.53, but sellers have not been able to push it down to the support at $0.46, suggesting limited selling pressure at these levels.

Buyers will aim to push XRP/USDT above the moving averages, potentially starting a rally toward the overhead resistance at $0.64.

Dogecoin (DOGE) Price Analysis

Dogecoin has faced selling pressure as it struggles to break above the $0.18 resistance level, leading short-term traders to take profits.