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Top 3 Developments That Could Impact Bitcoin Price This Week

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Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Top developments that may impact Bitcoin price

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.
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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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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

BTC

Bitcoin

$78,743.8759 -6.25%

24 Hours volume

$57.12B

Market Cap

$1.57T

Max Supply

21M

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About Author
crispus
About Author
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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