Bitcoin Price Prediction: BTC/USD Bears May Surface as the Price Moves Around $13,523 Support ByAzeez MustaphaPRO INVESTOR Updated: 03 November 2020 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin (BTC) Price Prediction – November 3 BTC/USD remains at the upside as the bulls are holding tight to the BTC market ever since the price action tested the $13,215 support yesterday. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $14,400, $14,600, $14,800 Support Levels: $12,800, $12,600, $12,400 BTCUSD – Daily Chart According to the daily chart, BTC/USD experiences another unexpected selloff as the market opens in the early trading session of today. The first digital asset drop sharply to touch the support of $13,290. However, a reversal quickly occurred, which sent the king of crypto assets under the same $14,000 level. More so, BTC/USD also crossed beneath the 9-day moving average, opening the road to losses eyeing $13,000. Where is BTC Price Going Next? Presently, BTC/USD is seen retracing and trading around the fast-moving 9-day moving average and the market price stays under the daily high of $13,649 resistance as a sign of bullish momentum. Further increase in the bullish momentum may increase the price above the resistance level of $13,700; above it is another resistance at $14,000 before reaching the potential resistance of $14,400, $14,600, and $14,800 levels. However, should the $13,500 resistance level holds, the price may reverse and face the support level at $13,200, further increase in the bears’ pressure may push down the price towards the 21-day moving average and possibly hit the critical supports at $12,800, $12,600, and $12,400. Meanwhile, the technical indicator RSI (14) signal line is pointing at the 70-level, crossing below it may ignite more sell signals into the market. BTC/USD Medium – Term Trend: Ranging (4H Chart) According to the 4-hour chart, the fast-moving 9-day MA remains below the slow-moving 21-day MA; the market price is trading below the two moving averages as a sign of bearish momentum. However, in case the current market value of $13,500 level still holds, the bears may exert pressure to break down the important support level and the price may decline to $13,250 and below. BTCUSD – 4 Hour Chart Moreover, should the bulls increase their pressure and push the market price above the 9-day moving average, the resistance level of $13,600 may be penetrated and the price may increase to $13,800 and above. Meanwhile, the technical indicator RSI (14) is moving around 49-level to indicate a sideways movement while crossing below this level may suggest a bearish signal. Join Our Telegram channel to stay up to date on breaking news coverage