Bitcoin (BTC) fell to 24-hour lows before Wall Street's open on Nov. 3 equally a previous bull run halted at $64,000.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC cost inches back toward $62,000

Data from Cointelegraph Markets Pro and TradingView confirmed the return of uninspiring sideways price action after Tuesday's volatility.

As Cointelegraph reported, BTC/USD rose almost $4,000 earlier topping out, with momentum then fading away to produce lows of $62,400 at the time of writing.

As ever for a mail service-halving Q4, analysts continued to cast aside whatsoever bearish theories.

"Market looks primed," popular Twitter business relationship TechDev summarized.

A separate mail reexamined Fibonacci levels that have determined Bitcoin price bicycle tops in both the 2022 and 2022 post-halving Q4 periods.

Should BTC/USD repeat history, even the upcoming 4.236 extension at $73,500 would mark the get-go, non the end, of the most intense phase of gains.

"Will it mark the top, or will we pinnacle only higher up log two.272 in one case once again? I cannot say for certain of course, simply I practice expect the elevation of the 2-week RSI channel to tell the states," he wrote, referencing Bitcoin'south bullish relative strength alphabetize.

"Only if you expect neither, and instead think BTC will of a sudden top at the linear 4.236 for the first time in history, with the ii-week RSI also failing to hit the channel for the start time in history... To me that is an extremely low probability bet."
BTC/USD annotated chart with Fibonacci levels. Source: TechDev/Twitter

For the short term, funding rates once over again creeping college coincided with the cost drawdown.

SOL replaces DOT in altcoin all-time high fest

Altcoins continued to be anything but placid Wednesday as Ether (ETH) connected to new all-fourth dimension highs.

Related: Bitcoin 'Moonvember' begins as data shows Nov is best month for Due south&P 500

ETH/USD was joined past Solana (SOL), which launched its own comeback to see all-time highs of $235 on the 24-hour interval.

SOL/USD 1-day candle nautical chart (FTX). Source: TradingView

Polkadot (DOT), which also bankrupt new records on Tuesday, meanwhile, took a breather, however trading above $50 at the fourth dimension of writing.

Cointelegraph earlier reported on predictions that identify ETH at up to $14,000 and DOT at $100 side by side.