Bitcoin News
By Maheen Hernandez
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November’s Historical Averages Are “Skewed”. Analysts emphasize that Bitcoin’s average November gain of more than 40% is heavily influenced by…
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Bitcoin Struggles Under Broad Economic Uncertainty. Bitcoin recently dipped under $89,400 before rebounding to the $93,000 range.
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Can Bitcoin Still Hit a New High This Year?. Despite the recent downturn, some investors still wonder whether Bitcoin could rebound and set a…
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Signs Suggest Bitcoin May Be Forming a Local Bottom. Analysts at Bitfinex, however, say there are early signs that Bitcoin may be approaching a local…
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Traders Look Toward Key Resistance Levels. Analysts at crypto payments firm B2BINPAY offered a similar outlook, suggesting that Bitcoin could…
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A “Not-So-Normal” November Could Reset Expectations. While November has historically favored Bitcoin, analysts agree that past seasonal patterns do not…
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Bitcoin’s historical reputation as a strong performer in November is being questioned this year after the cryptocurrency recorded a sharp decline, falling more than 10% in the…
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Analysts emphasize that Bitcoin’s average November gain of more than 40% is heavily influenced by one extreme outlier: the massive 449% rally seen in 2013.
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“Historical averages suggest strength, but those numbers are skewed and the current backdrop is anything but normal,” Harris explained.
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Bitcoin is down more than 15% since the start of the month and is on track for its worst November since 2019, according to CoinGlass. That year, BTC closed the month down 17.27%.
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Bitcoin recently dipped under $89,400 before rebounding to the $93,000 range. Harris says the comparison between earlier November rallies and today’s market is not valid, largely…
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A six-week U.S. government shutdown delayed the release of key economic indicators. Once the government reopened, a wave of backlogged reports forced investors to reassess…
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This contributed to a sharp drop in confidence surrounding a potential December rate cut. According to the CME FedWatch Tool, expectations for a rate cut have fallen to just 41%,…
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Despite the recent downturn, some investors still wonder whether Bitcoin could rebound and set a new all-time high before the end of the year.
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“It is possible, but not something we are forecasting,” he said.
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