Bitcoin bulls defend $34K as trader predicts next BTC price ‘impulse’

Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher.

BTC/USD 1-hour chart. Source: TradingView”Significant” event sets up BTC price upside

Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the end of Wall Street trading.

The largest cryptocurrency saw a revisit of intraday lows the day prior, but $34,000 successfully passed the test as a short-term BTC price floor.

#Bitcoin has been above $34k for 11 days now.Healthy accumulation zone.

— James V. Straten (@jimmyvs24) November 4, 2023

After nearly hitting $36,000 during the week, Bitcoin was still a favorite for traders eyeing potential upside…

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