Add as a preferred source on GoogleBitcoin Chart Marks $76,340 as Support After Channel Breakdown
A chart assessment shows Bitcoin below a descending channel and retesting its lower edge as resistance. The U.S. 10-year Treasury yield eased to 4.9%.
Bitcoin (BTC) was at $77,340 at 7:34 a.m. ET (12:34 p.m. UTC) Nov. 3, while a daily chart marked $76,340 as horizontal support. The daily chart showed BTC below a descending channel and returning to test its lower boundary as resistance.
Bitcoin remained inside a broader parallel channel. A weekly chart marked additional support levels at $73,800, $69,000 and $66,000.
The market backdrop was also weak across several assets. Oil pulled back Monday, and stocks continued to fall, including artificial intelligence shares. Gold and silver also weakened.
The U.S. 10-year Treasury yield briefly reached 5% Tuesday before retreating to 4.9%.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.