Bitcoin and altcoin overview (October 31-November 01)

Yesterday, as we anticipated, Bitcoin paused and went into a slight correction.

Currently, selling pressure is fairly weak, but for now, we can expect continued rotations within the current volume zone and its boundaries at $73,000-$71,000, with a priority for an upward breakout and a test of the ATH.

Buy zones:

$70,000-$68,900 (pushing volumes)
$67,500-$66,800 (maximum sideways volume)
$63,100-$62,500 (mirror volume zone)
$60,000-$59,000 (buyer activity)

Interesting altcoins:

For SXP, below the current prices, there’s a zone of pushing volumes at $0.24-$0.234. If this zone is filled and there’s a buyer reaction, we open a long position.