The weekend saw the crypto market go through an upward trend, with crypto bullish signals signaling rising investor confidence in BTC and other tokens.

After Bitcoin shed some gains and slid towards $34,000, the crypto market picked up pace in the weekend. It witnessed a firm recovery, with crypto bullish signals arising from analysts and experts. BTC rode the wave and went over $35,000, while other tokens also posted gains. The week ahead could see crypto bulls moving towards consolidation for BTC above $35,000.

Bears are also active around the mark, but support for BTC has been strong at that level. 

Bitcoin has also reclaimed its trading range after the earlier correction much faster than analysts anticipated. It could indicate an increasing number of investors going to crypto as a trusted investment asset class.

Meanwhile, ETH also went over $1800 with stronger support. While Ethereum has seen weekly gains of around 5.8%, its market cap is floating at $227 billion. Chainlink, Dogecoin, Cardano, BNB, and XRP were also in the green in the last 24 hours, with significant returns.

If investors don’t book profits in BTC over the next few days, it can rise to $36,000 or even $37,000. If it could touch $40,000 within November, investor sentiments could further take it towards $45,000 in 2023.

BTC/USD 1D price chart

Bitcoin is currently trading at around $35,000 on November 5, 2023, with BTC/USD trading higher by a margin of 1.2% in the last 24 hours. BTC/USD is trading higher than its 20-day EMA (31,029.00), as BTC’s 24-hour volume was at around $9 billion. Volumes have declined minimally in the last couple of days.

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