Bitcoin (BTC/USD) concludes the trading week at 77,293, continuing its downward movement while remaining within a bullish channel. Moving averages indicate an ongoing uptrend. The price has broken downward through the area between the signal lines, pointing to increased pressure from sellers and a potential further decline in BTC/USD quotes. At present, one should anticipate an attempt at a price correction, with a test of the resistance zone near the 80,005 level. From there, a downward rebound is expected, leading to a continued decline in the price of Bitcoin, with a potential target below the 60,005 level.
Bitcoin Forecast BTCUSD November 2 – 6, 2026
An additional signal supporting a decline in BTC/USD quotes for the current trading week (November 2–6, 2026) is a rebound from the upper boundary of a descending channel. A second signal would be a rebound from the resistance line on the Relative Strength Index (RSI) indicator. A strong rally and a breakout above the 89,405 level would invalidate the bearish scenario for Bitcoin this trading week. Such a move would signal a breach of the resistance zone and a continuation of the BTC/USD uptrend, with a potential target above 95,665. Conversely, a breakdown below the support zone—confirmed by a close beneath 76,855—would signal a shift toward a bearish trend, as it would break the lower boundary of the current bullish channel.
Bitcoin Forecast BTCUSD November 2 – 6, 2026 suggests an initial test of the resistance zone near 80,045, followed by a decline toward levels below 60,005. A test of the trend line on the Relative Strength Index (RSI) would serve as an additional signal supporting a potential drop in Bitcoin’s price this week. As noted, a strong surge and a breakout above 89,405 would negate this bearish outlook, pointing instead to a continued ascent toward a target of 95,665.
