I believe in 70k to 80k, something in the middleOr Bellow 70K?
If we consider this chart:
(https://i.ibb.co/m0gSJP9/Captura-de-tela-2024-11-01-211842.png) (https://ibb.co/MfQ9nJc)
Source (https://www.coinglass.com/today)
We can be very positive that BTC can rise more in november and december
Feel free to share your thoughts (and vote in the poll) about Bitcoin's price in November.
Do you think we'll do what October failed to do - break the old ATH?
Historically, the average return for November is +43.01% and median +7.12%
I believe in 70k to 80k, something in the middleOr Bellow 70K?
If we consider this chart:
(https://i.ibb.co/m0gSJP9/Captura-de-tela-2024-11-01-211842.png) (https://ibb.co/MfQ9nJc)
Source (https://www.coinglass.com/today)
We can be very positive that BTC can rise more in november and december
I hoping for 66k to the 74k for november And we already sawn bitcoin in the range of 68k already and currently it is on 69k. I am not expecting more than 74k in November because of the market situation.
And what I want to also said is the chart you mentioned look interesting but can I know that what is the based amount they are taking for this percentage calculation. It is the starting price of that year or something else?
I believe in 70k to 80k, something in the middleOr Bellow 70K?
If we consider this chart:
(https://i.ibb.co/m0gSJP9/Captura-de-tela-2024-11-01-211842.png) (https://ibb.co/MfQ9nJc)
Source (https://www.coinglass.com/today)
We can be very positive that BTC can rise more in november and december
I hoping for 66k to the 74k for november And we already sawn bitcoin in the range of 68k already and currently it is on 69k. I am not expecting more than 74k in November because of the market situation.
And what I want to also said is the chart you mentioned look interesting but can I know that what is the based amount they are taking for this percentage calculation. It is the starting price of that year or something else?
It's monthly returns chart, they take the value of BTC at the end of the month and start calculatingThank you for clarifying this I was in confusion regarding this chart. I also saw there have others options like the weekly and daily and also the quarterly. As you said these are also going to be the same format you have mentioned.
If BTC closed at 70k for example in October, that's the starting point for calculating returns in November
I'm pretty optmistic to be honest in this end of the year :D
I believe in 70k to 80k, something in the middle
If we consider this chart:
(https://i.ibb.co/m0gSJP9/Captura-de-tela-2024-11-01-211842.png) (https://ibb.co/MfQ9nJc)
Source (https://www.coinglass.com/today)
We can be very positive that BTC can rise more in november and december
I believe in 70k to 80k, something in the middle
If we consider this chart:
(https://i.ibb.co/m0gSJP9/Captura-de-tela-2024-11-01-211842.png) (https://ibb.co/MfQ9nJc)
Source (https://www.coinglass.com/today)
We can be very positive that BTC can rise more in november and december
Considering that monthly profitability chart, we could expect to end up at much higher level than $70k-$80k.
Both, the monthly average and the return for November 2020 (the previous halving year when the halving took place at a similar time in the calendar year) are almost at 43%, which would give us Bitcoin at almost $100k.
That's way too optimistic though.
It is not possible to say exactly when the bitcoin market is going to what state. But yes, bitcoin has started dumping, I don't know where it will end and how much it will stop. Some times the bitcoin price starts to increase a lot and some times it starts dumping. I don't know this month. How the Bitcoin market will be will be understood only by the end of the month. Due to the dumping of the price of Bitcoin, the prices of all altcoins have started to fall.Your words are also true. Because anything can happen in crypto space, But currently we can predict that even bitcoin fluctuate from a good price like over the 70k but it won't dump by huge because bitcoin halving happened in this year and as we know after one years of halving we know that bitcoin bull start their bull run and this how we can predict that bitcoin can go around of these reason.
Or Bellow 70K?Bitcoin price has crossed $75k and it is very close to jump to $76k. It is very doubtful that the price of Bitcoin to drop again below $70k. In my opinion, the price of Bitcoin will try to survive above $70k and try to reach $80k as soon as possible. You need to check again the market condition, we have everything to start big bullrun. Moreover, November-December is mostly the good time for crypto because we usually experience green market.
I hoping for 66k to the 74k for november And we already sawn bitcoin in the range of 68k already and currently it is on 69k. I am not expecting more than 74k in November because of the market situation.
And what I want to also said is the chart you mentioned look interesting but can I know that what is the based amount they are taking for this percentage calculation. It is the starting price of that year or something else?
Bitcoin price has crossed $75k and it is very close to jump to $76k. It is very doubtful that the price of Bitcoin to drop again below $70k. In my opinion, the price of Bitcoin will try to survive above $70k and try to reach $80k as soon as possible. You need to check again the market condition, we have everything to start big bullrun. Moreover, November-December is mostly the good time for crypto because we usually experience green market.You are right that bitcoin has crossed the 75k and also it crossed 76k and currently it is also on the 76.4k But I will still say that this is not the start of the real bull run yes we are on the way of bull season market has been already in a good bullish but I think this green market is only for win of the Donald trump on the election of united states of America . And I will still say that bitcoin market will recover and yes it will again dump bellow 70k before the real bull run.
Bitcoin price has crossed $75k and it is very close to jump to $76k. It is very doubtful that the price of Bitcoin to drop again below $70k. In my opinion, the price of Bitcoin will try to survive above $70k and try to reach $80k as soon as possible. You need to check again the market condition, we have everything to start big bullrun. Moreover, November-December is mostly the good time for crypto because we usually experience green market.You are right that bitcoin has crossed the 75k and also it crossed 76k and currently it is also on the 76.4k But I will still say that this is not the start of the real bull run yes we are on the way of bull season market has been already in a good bullish but I think this green market is only for win of the Donald trump on the election of united states of America . And I will still say that bitcoin market will recover and yes it will again dump bellow 70k before the real bull run.
65k-66k i think is the strongest support line i see. maybe it will really drop once again in this level before going up gain. on second thought, maybe not. i'm gonna assume this is the biggest bull run they are cooking. some say this is going to be a supercycle. if its going to hit $100k by next year then it will continue up for the whole year then the market is overbought.Anything could happened here because you know this is cryptocurrency.
this could be where the US economy could turn the tables since they already are positioned with their stablecoins . there is no other fiat currency in crypto but USD.
Feel free to share your thoughts (and vote in the poll) about Bitcoin's price in November.We have seen Bitcoin rise since the beginning of November. October was positive for Bitcoin We thought that the price of Bitcoin would be much lower in November but contrary to our predictions, Bitcoin reached an all-time high of $76,850 in November. But if I were to make a prediction for the month of November, I would predict that Bitcoin is likely to exceed around $85,000 by the month of November. Bitcoin is also expected to cross $100,000 in 2024. Since Donald Trump has won the US presidential election and hopes to do something good with Bitcoin, if Donald Trump does as promised by his supporters, Bitcoin will surpass $100,000 by 2024 and generate more new ATH in 2025.
Do you think we'll do what October failed to do - break the old ATH?
Historically, the average return for November is +43.01% and median +7.12%
Considering that monthly profitability chart, we could expect to end up at much higher level than $70k-$80k.
Both, the monthly average and the return for November 2020 (the previous halving year when the halving took place at a similar time in the calendar year) are almost at 43%, which would give us Bitcoin at almost $100k.
That's way too optimistic though.
Feel free to share your thoughts (and vote in the poll) about Bitcoin's price in November.I seem to have joined this conversation a bit late, as BTC has effortlessly surpassed the $80K mark much quicker than we anticipated. I'm not entirely sure what's driving this impressive rally. It could be a combination of the election results, the FED interest rate cut, and the end of the 6-month accumulation phase.
Do you think we'll do what October failed to do - break the old ATH?
Historically, the average return for November is +43.01% and median +7.12%
I seem to have joined this conversation a bit late, as BTC has effortlessly surpassed the $80K mark much quicker than we anticipated. I'm not entirely sure what's driving this impressive rally. It could be a combination of the election results, the FED interest rate cut, and the end of the 6-month accumulation phase.
~snip~
It seems to me that big investors are most responsible for what is happening because spot ETFs are buying record-breaking amounts of BTC, maybe even more than at the very beginning of the year when they were approved for business. If we look at mempool, we can see that the fees are still relatively low, which means that there is not too much pressure on CEXs from ordinary investors - and then it is much clearer where the money is coming from.
As for altcoins, I see that they are not bad compared to BTC, Doge is up over 100% in the last 7 days, and ETH is even around 35%.
Before I even saw your post I commented on another forum about BTC fees :)We should not doubt that this is true, because the data shows that inflows into spot BTC ETFs are really record high (https://heyapollo.com/bitcoin-tracker/flows), and in addition, it was announced that Saylor bought another 27 200 BTC for $2+ billion, and that in the next three years they plan to invest even $42 billion in BTC (https://www.forbes.com/sites/digital-assets/2024/10/31/microstrategy-announces-42-billion-bitcoin-investment-plan/) :o
I also came to this conclusion, as the fees are low, without congestion in the network I believe that it is really the institutional buying, in large amounts, and even likely that it is OTC purchases
I still haven't felt that FOMO of people coming up to me asking about Bitcoin, or watching people on TV start talking about Bitcoin again
It hit $88k recently with a bit of retracement to $86k it seems it would keep rising and we might see the $90k level soon.More investors are having confident with Trump winning the election which is making ETFs having good inflow of bitcoin into their bags. Bitcoin touch $89,900 today when I checked the price immediately I woke up from sleep, but there is a correction currently and the pruve is at 87k+. I believe that bitcoin can do @ $90k and above before the end of this month.
The price movement today seems different from what happened in the past pandemic. I believe there are lots of things that affect the current price movement. It could be the election since the price after Trump won it keeps rising and breaks the old ATH.
There might be more incoming surge since the net inflow on the Bitcoin ETF is still rising and total net assets also increase.
~snip~
I believe that bitcoin can do @ $90k and above before the end of this month.
It hit $88k recently with a bit of retracement to $86k it seems it would keep rising and we might see the $90k level soon.Yes We are seeing repeatedly Bitcoin ATH breaking and Making new ATH. Now Bitcoin price Over $93k. I think now we are in real bull session. I also think within short time specifically within this month we will see Bitcoin price will touch $100k.
The price movement today seems different from what happened in the past pandemic. I believe there are lots of things that affect the current price movement. It could be the election since the price after Trump won it keeps rising and breaks the old ATH.
There might be more incoming surge since the net inflow on the Bitcoin ETF is still rising and total net assets also increase.
Yes We are seeing repeatedly Bitcoin ATH breaking and Making new ATH. Now Bitcoin price Over $93k. I think now we are in real bull session. I also think within short time specifically within this month we will see Bitcoin price will touch $100k.That is possible if the price continues to rise, but it appears that it will not break the $93k level. We need to see more of a push to break it. However, based on the current price action, it appears that momentum has shifted to a downward trend, and other cryptocurrencies are beginning to decline.
I think this not impossible. We saw within one week Bitcoi price moved near about $30k. And i strongly believe within this month Bitcoin price will hit $100k.
Yes everyone can give his opinion. You told not this month Bitcoin can touch $100k within next month. I am also agree. But my prediction within this year Bitcoin price will touch $100k. But ot also true we are going gradually for bull session.Yes We are seeing repeatedly Bitcoin ATH breaking and Making new ATH. Now Bitcoin price Over $93k. I think now we are in real bull session. I also think within short time specifically within this month we will see Bitcoin price will touch $100k.That is possible if the price continues to rise, but it appears that it will not break the $93k level. We need to see more of a push to break it. However, based on the current price action, it appears that momentum has shifted to a downward trend, and other cryptocurrencies are beginning to decline.
I think this not impossible. We saw within one week Bitcoi price moved near about $30k. And i strongly believe within this month Bitcoin price will hit $100k.
I feel that it won't touch to $100k this month maybe next month and then once it touch to $100k expect for huge drop because investors and traders are surely going to take profits.