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HomeCryptoBitcoin Price Forecast Update - November 11, 2024

Bitcoin Price Forecast Update – November 11, 2024

Bitcoin (BTCUSD) continues its upward momentum, moving further away from the $81,000 mark and strengthening the positive outlook for the cryptocurrency. The next key target is set at $82,500. Should this level be breached, it could pave the way for a rally towards $84,655, the next major milestone.

To maintain the bullish trend, it is crucial for Bitcoin to stay above the $79,250 level. A break below this support could trigger a short-term bearish correction before the price resumes its upward trajectory.

For today, the anticipated trading range is between a support level of $79,500 and a resistance level of $83,500.

Trend Outlook: Bullish

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