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<div class="text-justify">Even though at the close of the first weekend of November the Bitcoin price action has shown little volatility, analysts believe that the main cryptocurrency by market capitalization is preparing for another rise in the coming weeks. </div>
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<div class="text-justify">In this sense I think we should be patient when trading, this in order to avoid unnecessary losses, I say it this way because I think it is not the time to trade with fear, because the market is offering us the possibility to increase our profits, it is just a matter of being patient. </div>
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<div class="text-justify">Now, it is necessary to closely observe how the BTC price action has been behaving because let's remember that "The largest cryptocurrency showed a new visit of the intraday lows of the previous day, but 34,000 dollars successfully passed the test as a price floor for BTC in the short term".</div>
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<div class="text-justify">Moving up the Elliott wave analysis to X, Credible Crypto revealed three key levels to watch: USD 34,314, USD 34,714 and USD 35,119, forming the range low, midpoint and high, respectively. </div>
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<div class="text-justify">On the other hand, the popular Credible Crypto added that strong volume a "significant event" was helping the trajectory, along with a lack of desire to sell at current levels. From my perspective and I wouldn't want to be wrong but I think this is not the time to sell, patience will be key in the coming weeks. </div>
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<div class="text-justify"><h3>SOURCES CONSULTED</h3></div>
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<div class="text-justify"><strong> Cointelegraph. </strong> Bitcoin bulls defend $34K as trader predicts next BTC price ‘impulse’. <a href="https://cointelegraph.com/news/bitcoin-bulls-defend-34k-trader-predicts-next-btc-price" rel="noopener" title="This link will take you away from steemit.com"> Link </a></div>
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<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify"> The cover image does not belong to the author: @lupafilotaxia, the image was taken from: <a href="https://cointelegraph.com/news/bitcoin-bulls-defend-34k-trader-predicts-next-btc-price" rel="noopener" title="This link will take you away from steemit.com"> Cointelegraph </a></div>
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