Bull or bear November?

[Oshosondy]

Bitcoin highest price in August was $25200, $22800 in September, $21100 in October if it does not surpass it in few hours away to the month of November. In 2018, these three previous months were similar in a way the price of bitcoin did not have much volatility but followed by a massive bear market that decreased the price of bitcoin from $6600 to $3600 in November before the next massive bull run started that drove bitcoin up to $13970.

This is not to cause a panic, but unsure if bitcoin price will still decrease further? But yet buying at $20000 is going to be profitable in some weeks or some months to come.

What I know would happen is either the price will not fall more than expected before the next bull run start. Or the price of bitcoin may fall in a way it can get to $17600 again or below which would result to a massive bull run in some weeks or months to come.

But let us continue our monthly fun. Would the price of bitcoin increase or decrease in November?

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[KennyR]

For now there is nothing specific for a bullish move, and the world market too suffering. The price movements will happen within specific limits and could drop down. Even now experts have warned of the price pumping which could be a trap. I'm not sure, how far it is gonna be real in the market. Whether it is bull or bear, we need to keep ourselves face the worst which lets us keep our portfolio stable.

Most of the time we can experience good rise in the price over the end months. Maybe the same could happen, if not Elon Musk through Twitter needs to do some fortune to influence the market.

[Finestream]

For now there is nothing specific for a bullish move, and the world market too suffering. The price movements will happen within specific limits and could drop down. Even now experts have warned of the price pumping which could be a trap. I'm not sure, how far it is gonna be real in the market. Whether it is bull or bear, we need to keep ourselves face the worst which lets us keep our portfolio stable.

Most of the time we can experience good rise in the price over the end months. Maybe the same could happen, if not Elon Musk through Twitter needs to do some fortune to influence the market.

The last quarter of the year should be more bullish than bearish but I guess this time is different. The bear market is here to stay and it may even cross another year before we can finally witness a bullish market. However, whether it’s bearish or bullish, just continue to hold tight our bitcoin and the rest of good altcoins, that’s the only way to prevent us from losing and still become profitable in the end.

[Baofeng]

But let us continue our monthly fun. Would the price of bitcoin increase or decrease in November?

It's probably around this levels as well, $20k-$25k give or take. The thing is that we are about to hit the last 2 months and specially in December we had some runs before Christmas so I think we might hit as high as $25k.

So in November, it could be around $22k-$23k the most, unless there is another news that will put the market again. Yes, the war is still in the background, but if the US has some good news about their economy and their monthly CPI, then maybe it will have a positive effect on the market this month.

[sheenshane]

It's expected that there's a bull market when the 4th quarter of the year will come and I think this month might Bitcoin price spike in the market but as of now, there's no specific sign of it and I think to take a break if you do a DCA way of investing Bitcoin.

Seeing the market condition, the Bitcoin price breaking above the $23k to $24k mark in November could aid the uptrend to the $30k resistance level at the end of the year, what do you think?

[OgNasty]

I am going to foolishly say we are going to have a bearish November. I don’t have any real reason, except that October felt too bullish to me. I think the next jump in price is going to be from FTX releasing a stablecoin, but I think expecting that to happen within the next 30 days is a bit optimistic. I’m overall bullish, but I think there’s a good chance the price could be lower in 30 days.

[bittraffic]

I am going to foolishly say we are going to have a bearish November. I don’t have any real reason, except that October felt too bullish to me. I think the next jump in price is going to be from FTX releasing a stablecoin, but I think expecting that to happen within the next 30 days is a bit optimistic. I’m overall bullish, but I think there’s a good chance the price could be lower in 30 days.

Maybe because I've already bought some which made me a bit optimistic as well. But seeing there is a bit of a green market in different DEXes that I have been I think it simulates the last bull market back in 2021 and the price of BTC had been very stable for a few months.

In the back of my mind, I'm also doubting since the report I've seen recently was that miners are still selling heavily to cover their expenses, and miners in China sell all the time since they get almost free energy.

[Davian144]

But let us continue our monthly fun. Would the price of bitcoin increase or decrease in November?

Honestly I'm still expecting a bull this November on Bitcoin and all cryptocurrencies on the market. But I still have a hard time knowing whether it will happen within this month, because considering last year the conditions were very different from November this year, so I don't see November last year as a reference for market conditions in November this year.

I just want to hope that the Bull can happen this month so that everyone can get the benefits to enjoy after December is over, because the new year is always fun at night and everyone will be very happy if they enjoy the new year with the profits they get from market.

[crwth]

There will likely be a price increase this November, knowing that it will be the Christmas season, and hopefully, many people will get into crypto. It is usually at this time that it increases in price. Remember the bull runs? It can happen again continuing to December.

Of course, this is me, a bias and optimist about the rewards and results.

[Wexnident]

We're in the green so far for the past month, I'd assume we'd continue at this snail's pace for the next month as well with no big breakthroughs imo. It may gradually increase its pace as the end of the year ends though, so we might see better gains at the latter end instead of the start. The top by the end of the month would probably stop at around $23k or so, and at the end of the year around $26k, $27k. On another hand, even if we did go down from here, I don't think we'd go lower than the lows we've had the past few months.

[Sebas.tian]

The bearish market will continue in this month of November to allow those that missed the opportunity to buy in this new month and hold, because there is no sign that the price of Bitcoin will increase higher for investors and traders to experience bullish market in this month of November. I think, the price of Bitcoin will definitely increase higher in the month of December to allow those that invested in Bitcoin some months ago to have something good to achieve from their investments. Many investors will have a lot to embrace in the future when the price of Bitcoin hit $50,000 before the end of this year 2022

[adaseb]

We will know whether it’s bull or bear this Wednesday when the fed releases it’s rate hike and statement.

If they are dovish then the markets will all rally and most likely we all bottomed. However if all this rumor about a pivot were false then there will be a nasty crash down.

Then there is the employment numbers out this Friday. So it will be a very busy week.

[LogitechMouse]

But let us continue our monthly fun. Would the price of bitcoin increase or decrease in November?

$20,000 for me is what I'm considering as the psychological resistance and so far, the price of Bitcoin is above that though it's only a few hundred dollars higher and anytime, it can still go down below it.

We know that long term, we expect a bearish movement towards Bitcoin but on this month alone, I expect a bit of an uptrend in the short term. I was surprised TBH that it went up to $20,000 a few weeks ago but still, it is around my past prediction that price of Bitcoin will end up sideways at around $18,000 - $25,000 this year. For November, I expect a bit of an increase on it's price.

[udayantha11]

Completly bear can see. we are still at the bear market and no consolidation comes. after 1 year of ATH , how can we expect another bull run. DO not expect it will soon arrive. Focus long term

[Yaunfitda]

Yeah, I would  say that we are still in the bear season, so November might be the same just like the rest of the month. Prices could be just around or in the average of $20k. But I guess that it's good indication that we might not go lower or see lower lows this year.

But 2023, could be different, going to be another roller coaster ride. And with that, just stay focus and continue to accumulate as much BTC as we can at the end of the year. The opportunity might not present itself again.

[bitterguy28]

The starts sounds good because we ended up October with high hopes and with Green market so Maybe the momentum is still On and the vibes is still growth.


November Usually makes a good move towards early December and sudden before the Year ends , this is the scenario every after Bull run year.

Completly bear can see. we are still at the bear market and no consolidation comes. after 1 year of ATH , how can we expect another bull run. DO not expect it will soon arrive. Focus long term

but it is yours to believe mate, remember that in volatile market like crypto has always side ways, it can climb while there is a bear , or it can fall while there is a Bull.

[maydna]

Completly bear can see. we are still at the bear market and no consolidation comes. after 1 year of ATH , how can we expect another bull run. DO not expect it will soon arrive. Focus long term

Yes, we are still in a bear market but also in a sideways position because I see bitcoin prices are not going down or rising too high or deep and tend to be at one price level. So far, if the bitcoin price has been at the bottom, the price will not go anywhere and tends to be more stable than before. And even if there is movement, the movement is not too significant. For example, when the bitcoin price was at $19k for a while, and the price started to increase to $20k, it has stayed at $20k until now. But I don't know if suddenly the price will go back to $19k or even lower. So we must be prepared for all situations and conditions, and if that means another decline, we can buy more bitcoins again.

[JoyMarsha]

Am not expecting any bull season in this last quarter of the year. Whatever price movement the crypto market comes with, am going to accept it wholeheartedly without putting my mind to it. If the bear market wants to continue so be it.
The only time I will be more interested in the bitcoin price is next year. For now, am just holdling, not speculating whether the market will be bullish or bearish at the end of this year

[Kelvinid]

I really hate to speculate badly for the upcoming but at some point, we have no option but to say the bear season will still stay this month of November. If we could see a pump, that was a bonus event, and this is just like what we experienced last October. I was expecting no harsh drops in the market, however, it was not enough to save and uplift the market to higher than a bear season but most likely the same market condition is what we experience. And we are investing this time, then helping ourselves to learn how to hold and to be patient is vital.

[Nrcewker]

The price of Bitcoins won’t depend on months. Rather it will affect depending on the demand of the coins. If this month we witness great events regarding Bitcoins, or any bit nation adopting Bitcoins, then only the price will rise. These all events will eventually grow the interest among the people to buy more Bitcoins and hence the demand for the coin will increase and due to the limited supply of the coin, it will lead to the price boost. As we have witnessed November isn’t a bear time, so definitely we gonna see a bull run this time.