Bitcoin (BTC) Price Prediction for November 6

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Almost all of the major coins are in the green zone today, according to CoinMarketCap.

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) set a new all-time high today, rising by more than 7%.

Image by TradingView

Despite today's sharp growth, the price of BTC keeps looking bullish. If the breakout of the $75,080 level happens, the upward move can continue to $76,000 and above.

Image by TradingView

On the bigger time frame, one should pay attention to the daily bar closure in terms of the $73,600 level. 

If it happens above it, there is a chance to see a test of new peaks until the end of the week.

Image by TradingView

From the midterm point of view, the picture is quite similar. If the closure above $73,794 happens and the weekly bar closes with no long wick, the accumulated energy might be enough for a move to the $80,000 range.

Bitcoin is trading at $73,777 at press time.