The post Bitcoin (BTC) Price Analysis for October 31 appeared on BitcoinEthereumNews.com. Buyers are more powerful than sellers on the last day of the month, according to CoinStats. Top coins by CoinStats BTC/USD Bitcoin (BTC) is one of the biggest gainers today, rising by 2%. Image by TradingView On the hourly chart, the rate of BTC has broken the local resistance of $110,463. If buyers can hold the initiative and the daily bar closes above that mark, the upward move is likely to continue to the $112,000 zone. Image by TradingView On the longer time frame, the price of the main crypto is far from the key levels. The volume is low, which means traders are unlikely to witness sharp moves soon.  You Might Also Like In this case, sideways trading in the zone of $110,000-$112,000 is the most likely scenario. Image by TradingView From the midterm point of view, the situation is similar. The rate is in the middle of a wide channel against the declining volume. In this regard, ongoing consolidation around the current prices is the most likely scenario. Bitcoin is trading at $110,642 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-october-31The post Bitcoin (BTC) Price Analysis for October 31 appeared on BitcoinEthereumNews.com. Buyers are more powerful than sellers on the last day of the month, according to CoinStats. Top coins by CoinStats BTC/USD Bitcoin (BTC) is one of the biggest gainers today, rising by 2%. Image by TradingView On the hourly chart, the rate of BTC has broken the local resistance of $110,463. If buyers can hold the initiative and the daily bar closes above that mark, the upward move is likely to continue to the $112,000 zone. Image by TradingView On the longer time frame, the price of the main crypto is far from the key levels. The volume is low, which means traders are unlikely to witness sharp moves soon.  You Might Also Like In this case, sideways trading in the zone of $110,000-$112,000 is the most likely scenario. Image by TradingView From the midterm point of view, the situation is similar. The rate is in the middle of a wide channel against the declining volume. In this regard, ongoing consolidation around the current prices is the most likely scenario. Bitcoin is trading at $110,642 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-october-31