Bitcoin (BTC) price attempted to reach $70,000, fell short, with potential breakout target of $97,056.

From Investing.com

November 2, 2024 3:00:24 pm:

Bitcoin (BTC) attempted to reach $70,000 but fell short, hitting an intraday high of $69,891. Currently trading at $69,373, down 2.28% in the last 24 hours from Tuesday’s high of $73,600. Veteran trader Peter Brandt hinted at a potential breakout, suggesting a target of $97,056, a 38% increase.

Brandt noted that BTC’s diagonal pattern may not represent a breakout yet. A decisive close above $76,000 is needed for a real breakout, according to Brandt. The current advance has only touched important chart points, indicating more work is required. The market eagerly awaits Bitcoin’s next move and potential breakout.

Read more at Investing.com: BTC to $97,000? Peter Brandt Weighs In on Bitcoin Price By U.Today