BTC price prediction/sentiment for November 2024 + POLL

[Paragon2]

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%

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.

[Lucius]

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.

Few were this optimistic, but now it seems that the end of this month might be much more profitable than most had hoped. If history repeats itself, then all the conditions have been met for a big bull run to happen, and with only a 20% price increase, we are approaching $100k, perhaps even sooner than we hoped.

The data for ETFs flows say that since the beginning of the year (ever) we had a record day - 17900 BTC bought on Nov. 7, so it is not surprising that the price is rising like this.

[MrSpasybo]

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 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.

At this point, we may be well on our way to a $100K target for BTC in Q4. BTC hasn't disappointed, and now might be a good time to rotate some funds into ALTs to kickstart altseason, creating the necessary FOMO to propel BTC further into the $150K-170K zone ^^

[Lucius]

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%.

[Aanuoluwatofunmi]

Of all the predictions now, I think most of them are now being fulfilled, because we already have many highs in the all time high season, we may be going from here to a hundred thousand dollars worth of bitcoin in respect to USD, as of this month, it's more better that we go for $96,000 or even above $100,000 while as of that of next month, we are more likely or having new highs in making the end of the year the most memorable one.

[BitMaxz]

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.
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.

[rdluffy]

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 
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

[Lucius]

Before I even saw your post I commented on another forum about BTC fees 
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

We should not doubt that this is true, because the data shows that inflows into spot BTC ETFs are really record high, 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

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

I haven't noticed that the media in my area mention BTC these days either, but that doesn't surprise me at all - probably the trigger for a new media hysteria will arise when the price reaches $100k.

[Sim_card]

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.
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.

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.

[Aanuoluwatofunmi]

By now it is more evident that the bull market has landed us close to $90,000 and we don't know what next week may also offers till we continue from here till the end of the month, this bull season is enticing and as well profitable because its an avenue for people to reestablish their take on bitcoin and its value, this is one of the major reason why some must ensure they invest on bitcoin henceforth, after realizing the role of bitcoin.

[Lucius]

~snip~
I believe that bitcoin can do @   $90k and above before the end of this month.

Don't be too humble - we've already reached $93 500 and it seems like $100k is just a matter of days - and there's more than 2 weeks until the end of the month. It seems that what we have all been waiting for is happening right now

[kulkhan]

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.
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.

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.

[BitMaxz]

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.

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.

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 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.

[kulkhan]

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.

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.

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 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.

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.

We saw Bitcoin price increased huge vut Altcoins are not interested like Bitcoin. When bull session will come then Total cryptocurrency market will increase. And we have to alert all time any time Bitcoin price to be huge down.

[armanda90]

Looking bitcoin price trend last several days ago I believe and vote bitcoin price for November around $100k. Have two weeks left before end this month and not difficult how many time bitcoin break new ATH price and latest new ATH raise up to $93k.
In my opinion how many time bitcoin get significant movement I don't think difficult for growing up to higher price and surely my prediction will correct for bitcoin potential growing to $100k.