{"id":183380,"date":"2023-10-30T03:45:11","date_gmt":"2023-10-29T22:15:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=183380"},"modified":"2023-10-30T03:45:11","modified_gmt":"2023-10-29T22:15:11","slug":"bitcoin-fluctuates-at-34k-where-will-prices-go-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-fluctuates-at-34k-where-will-prices-go-crypto-news\/","title":{"rendered":"Bitcoin fluctuates at $34k: Where will prices go? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><i><span style=\"font-weight: 400\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">Bitcoin consolidated recent recovery gains above $34.0k at press time.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">Significant buy orders were at $33k; sell orders were placed at $35k and $40k.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/BTC\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Bitcoin [BTC]<\/span><\/a><span style=\"font-weight: 400\"> entered a range formation on 25 October and consolidated gains above $34k. The range persisted ahead of the Fed decision on 1 November and could expose the king coin to slight price volatility.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">Read <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Bitcoin\u2019s [BTC] Price Prediction<\/span><\/a><span style=\"font-weight: 400\"> 2023-24<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">A recent BTC price prediction <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/bitcoin-can-liquidity-hunt-drive-btc-to-36k\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">projected<\/span><\/a><span style=\"font-weight: 400\"> a move to $36k due to open liquidity at $35.9k. The idea was yet to materialize at press time as BTC failed to cross above $35.2k. What can traders expect next week as the Fed decision looms?<\/span><\/p>\n<h4>Key BTC price levels to consider<\/h4>\n<div id=\"attachment_354666\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSDT_2023-10-29_12-29-31.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354666\" class=\"wp-image-354666 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSDT_2023-10-29_12-29-31.png\" alt=\"BTC\" width=\"1950\" height=\"1109\" \/><\/a><\/p>\n<p id=\"caption-attachment-354666\" class=\"wp-caption-text\">Source: BTC\/USDT on TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">The liquidity on the 12-hour chart was at $30.9k \u2013 $32.8k (white). Above it, a crucial overhead and a bearish order block formed in May 2022 stood at $38k-$40k (red). However, the immediate hurdle for bulls to clear was the recent and new high of $35.2k.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, over <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" data-wpel-link=\"external\"><span style=\"font-weight: 400\">99%<\/span><\/a><span style=\"font-weight: 400\"> of polled interest traders expected a Fed rate pause in November. So, BTC could witness a slight bounce. The overhead resistance to watch out for were $35.2k, $37.7k, and roadblock of $38k \u2013 $40k.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But negative sentiment from an unlikely Fed rate hike could expose BTC to a downswing. The liquidity area of $30.9k \u2013 $32.8k (white) will be a crucial support in such a bearish scenario.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The RSI (Relative Strength Index) and CMF (Chaikin Money Flow) readings were positive. It indicated that BTC witnessed massive buying pressure and capital inflows in the past few days.\u00a0<\/span><\/p>\n<h4>Buy orders at $33k; Key sell orders at $35k\/$40k<\/h4>\n<div id=\"attachment_354658\" style=\"width: 1918px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTC-orders-from-Mobchart.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354658\" class=\"size-full wp-image-354658\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"BTC\" width=\"1908\" height=\"763\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTC-orders-from-Mobchart.png 1908w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTC-orders-from-Mobchart-300x120.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTC-orders-from-Mobchart-1024x409.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTC-orders-from-Mobchart-768x307.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTC-orders-from-Mobchart-1536x614.png 1536w\" data-lazy-sizes=\"(max-width: 1908px) 100vw, 1908px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTC-orders-from-Mobchart.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354658\" class=\"size-full wp-image-354658\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTC-orders-from-Mobchart.png\" alt=\"BTC\" width=\"1908\" height=\"763\" \/><\/a><\/p>\n<p id=\"caption-attachment-354658\" class=\"wp-caption-text\">Source: Mobchart (BTC buy and limit orders from Binance Exchange on 29 October)<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">Data from Mobchart indicated massive buying interest below $34k. So, BTC could attempt to defend the $34k psychological level in the next few days. Notably, over 300 BTCs buying order was placed at $33k on Binance Exchange at press time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the sell side, $35k and $40k recorded significant sell limit orders. On the $35k level, 218 BTCs were up for sale on the Binance Exchange at press time. Interestingly, the $40k level saw 387 BTCs for sale too.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">Is your portfolio green? Check out the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/bitcoin-profit-calculator\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">BTC Profit Calculator<\/span><\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">It meant that BTC\u2019s move above $35k could face a challenge if more players offloaded their holdings at the level.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the same time, a move below $33k could be far-fetched given the massive demand interest. The level was within the liquidity on a chart, which reinforced it as a crucial demand level.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion. Bitcoin consolidated recent recovery gains above $34.0k at press time.\u00a0 Significant buy orders were at $33k; sell orders were placed at $35k and $40k.\u00a0 Bitcoin [BTC] entered a range formation on 25 October and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":183381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-183380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=183380"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183380\/revisions"}],"predecessor-version":[{"id":183383,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183380\/revisions\/183383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/183381"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=183380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=183380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=183380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}