Bitcoin crypto analysis for today, November 5, 2024, shows that the price has fallen below the support level of US$ 68.248 but may soon reclaim this support as investor sentiment remains cautiously bullish.

*Current Price*

The current price of Bitcoin is R$ 401,905.34, with a change of 1.14% in the last hours and 1.37% in the last 24 hours.

*Outlook*

For a move towards US$ 71.367 and possible new highs, it is essential that Bitcoin reclaims the support level of US$ 68.248

. Furthermore, the Relative Strength Index (RSI) shows that the bearish momentum has not fully strengthened, which could indicate an upcoming recovery.

*Market*

The cryptocurrency market as a whole is also undergoing a correction, with the total market capitalization falling to $$ 2.23 trillion but still holding above the critical support level of $$ 2.21 trillion.