Bitcoin Price Analysis on November 1: aggressive sellers on the CoinBase exchange

Bitcoin Price Analysis and Market Overview on November 1

Yesterday, bitcoin`s price had been approaching $9000 again, buyers were abruptly trying to reverse the price, and we saw a good upwards impulse on an increasing volume, but the price could not gain a foothold in the range of $9,300 — $9,400, and this impulse was completely absorbed by sellers.

The situation with bitcoin has not changed: the price continues to stay within the formed triangle and is tightened to the lower boundaries of its base. The gap in the SME exchange remains open, the dominance of sellers over buyers increases the likelihood of breaking through the local support level in the $9,000 area and going down to the next levels in the $8,500 — $8,700 area, where the further movement of the bitcoin price will be decided.

Market capitalization of cryptocurrency has decreased by $1 billion and is $244 billion at the time of writing. Trading volume remains high — it is $84 billion for now. Bitcoin dominance increased by 0.1% and amounts to 67.4%.

Altcoins Growth Leaders and Exchange Anomalies

Thunder Token (TT), one of the latest projects of 2019, aimed at creating a public blockchain and scalable DApp, became the leader in growth yesterday. In just a day, the growth of its token (TT) became 66.95%, and that allowed him to enter the top 100 cryptocurrencies with a capitalization of $ 41 million.

Noah Coin (NOAH) became the leader in falling for today. A couple of days ago, the coin showed a rapid growth of 1000%, which, however, turned out to be nothing more than speculation. Over the next day, the coin lost 55.6% in price, as a result of which its capitalization amounted to $57.4 million, and it went down to 76th place in the cryptocurrencies rating.

Also, over the last day an interesting moment was noticed on one of the top cryptocurrency exchanges CoinBase: in a few minutes there was a sharp collapse of the price (-2%) with the formation of a small Gap on the chart. This movement also tells us more about the aggressive mood of sellers, who continue to push the price down.