Top 3 Developments That Could Impact Bitcoin Price This Week
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Highlights
- Bitcoin price has crashed into a death cross pattern on the daily chart.
- The coin will react to the upcoming ADP private payrolls data on Wednesday.
- The other key Bitcoin news will be trends on BTC ETF inflows this week.
Bitcoin price trades at $107,670 today, Nov. 3, down sharply from the year-to-date high of $126,267. This crash happened as the Crypto Fear and Greed Index slipped to the fear zone. This article explores some of the top developments that may affect BTC price this week.
Frequently Asked Questions (FAQs)
1. Which top news will impact Bitcoin price this week?
The most likely news that will impact the Bitcoin price will be ETF, ADP jobs data, and its death cross pattern.
2. Will the BTC price rise or fall this week?
Technical analysis suggests that the Bitcoin price will crash this week as it has formed a death cross pattern.
3. How low can the Bitcoin price crash this week?
The most likely scenario is where the coin falls to the important support level at $100,000. A move below that level will point to more downside.
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