So we are retracing back down to 67.8k on Nov 3rd. Do we go lower?

[philipma1957]

I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.

[rdluffy]

Voted in first option 

I'm optimistic about the end of the year philipma1957, BTC rose in September and October, I'm confident that it will continue to rise in the remaining two months
If Trump's victory is confirmed, I'll be even more confident. I think the range for this month will be 68k to 75k or so

Why do you think BTC will fall again?

[_act_]

I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.

Anything that can make bitcoin fall below $65000 which should be a strong support, and if bitcoin further fall and not get back to $65000 on time, I will be expecting bitcoin to fall to almost $60000 or a price slightly below $60000.

For me I think bitcoin price will not fall below $65000. But just like I have explained, if the price fall to almost $60000, the price will not fall further because there will be a very strong support there.

[Ujok]

In my opinion, at the end of this year, the price of BTC will increase until the new year 2025, although now the price of bitcoin is still unstable, this is only temporary because there is a lot of positive news about the impact of bitcoin, this will make the price of bitcoin increase even more. Now the US is having a presidential election, if Donald Trump is elected president, this will also have an impact on bitcoin, prepare your funds to buy long-term bitcoin.

[Lucius]

This is a difficult moment to say something smart, because it is obvious that someone very skillfully used the moment before the US elections to liquidate long positions, which, as I read, amounted to over 90% - and in the end it turned out that this was just another trap in a series.

It is obvious that now the price movement depends on the results of the election (no matter how crazy it is), because those who believe that Trump will launch the price of BTC on MARS could start buying like crazy if he wins, or start selling if he loses.

I would say that the chances are 50/50 for a new pump/dump, because that's what the pre-election polls supposedly look like.

[Zed0X]

I guess I'm fine even at $62K because I was expecting a pullback when it failed to reach a new ATH a few days ago anyway. There's also an upcoming event/catalyst that will push the price down but it should be fine as long as the price is close to $70K. December and January should be more exciting after this month's drop.

[Publictalk792]

This is a difficult moment to say something smart, because it is obvious that someone very skillfully used the moment before the US elections to liquidate long positions, which, as I read, amounted to over 90% - and in the end it turned out that this was just another trap in a series.

It is obvious that now the price movement depends on the results of the election (no matter how crazy it is), because those who believe that Trump will launch the price of BTC on MARS could start buying like crazy if he wins, or start selling if he loses.

I would say that the chances are 50/50 for a new pump/dump, because that's what the pre-election polls supposedly look like.

US president election is almost here and investors are eagerly waiting to see how it will affect cryptocurrency market especially Bitcoin. Donald Trump crypto views and plans to replace SEC Chair Gary Gensler could boost Bitcoin price to $125000 if he wins.On other hand Kamala Harris approach is likely to continue cautious stance of Biden administration which may not harm Bitcoin but can not provide same level like Trump promises.

Election outcome will impact much on crypto regulation and taxation and mainstream integration.Industry is solidifying its position in global economy with milestones like Bitcoin new all time high and approval of spot Bitcoin and Ether exchange traded funds in US. Crypto sector is also influencing election with crypto friendly voters pushing for favorable regulatory framework.

[Mia Chloe]

I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.

I literally smiled when I saw this thread of yours and the statement that first popped up in my mind was ; " once a bitcoin HODLer, always a bitcoin HODLer ".



Well before now I drew a couple of trend lines just trying to predict how the whole pullback of the market will finally turn out. And yes of course I knew a pull back would definitely occur as a result of the most recent strong momentum to the upside. Anyways from my point of view we will either be retesting the horizontal support line or we retest the 1 day trend line better we get a rejection to the upside.

[BitMaxz]

I am more confident to $60,500 or around $59k because there's a huge buy pressure on that area before it surge again to fill all FVG.
My other perspective is it would drop until $64k after filling out that fair value gap it will surge again back to $68k. Let's see how it react on the FVG area after the Bos around $65k.

[0t3p0t]

I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.

If the price goes lower than $65,260 then I think we are seeing more dips or just a continuation of down trend but if not then it's just a healthy pullback and nothing to worry about unless you are filling your bags in anticipation of a possible uptrend if it breaks $73,650.

[bhadz]

I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.

Good for you, I think that after the elections we'll see some pump. $62k is sure quite low and everyone who has missed buying there should start preparing for themselves having cash ready. But with this retracement, let's see first how BTC will react once Trump has been proclaimed, is he currently leading the race?

[Fivestar4everMVP]

 

I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.

Well, looking at the market currently, it's likely that the price of bitcoin may drop further, but I do not think the price will drop to as low as $62.1k as you think or assume..

The current price as at the time of writing this post is $68.6k, hopefully, the price won't drop below $65k before it starts rising up again.
And let's hope that there are no bad news that could affect the crypto market negatively, and that things turn out well for Trump in the coming election, I still believe that Trump winning the US presidential election might be the catalyst that will user bitcoin and the entire crypto market into the much anticipated bull run we all have been waiting for.

[philipma1957]

Well like the new hybrid car I got [ a hedge bet for the election]

I am hedged for the election Trump wins and we moon shot I have a sell ladder
Harris wins and we tank I  have a set of downward buy steps.

75,79,82,85

62,57,48,42

[rdluffy]

This is a difficult moment to say something smart, because it is obvious that someone very skillfully used the moment before the US elections to liquidate long positions, which, as I read, amounted to over 90% - and in the end it turned out that this was just another trap in a series.

It is obvious that now the price movement depends on the results of the election (no matter how crazy it is), because those who believe that Trump will launch the price of BTC on MARS could start buying like crazy if he wins, or start selling if he loses.

I would say that the chances are 50/50 for a new pump/dump, because that's what the pre-election polls supposedly look like.

Probably 50/50, I agree
Even though there are only two days to go until the US elections, there is still no obvious result, and until a few days ago it seemed that Trump had advantage. Yesterday and today I saw news about Kamala being ahead

Looking forward to the outcome and the direction the BTC price will take
But I'm staying positive, no sub 60k

[armanda90]

I can't really sure with bitcoin potential get another drop for few days later or not because the most important thing the US election result would be indicate bitcoin up or down. Tomorrow the first election US begin and possibility bitcoin pump or dump depend who will be the winner between Donald Trump or Kamala Harris but prepare much money for entering at lower price very important right now.
If you have free money seems keep watching and monitoring the market condition is better have possibility dump if the US election winning by Kamala Harris but if Trump win surely bitcoin on the way for raising up.