Bull or bear November?

[Lucius]

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

This is turning into a boring game because we are in the middle of a bear market, and regardless of the fact that there are a lot of impatient people who want their profits, I think we have many more months to come in which nothing will happen. Any attempt to raise the price will very likely end up in the same way as all the previous ones, because for some, even a small profit is better than none.

Therefore, I think that November and especially December will not be a period in which you should hope for anything more than a 10% change in both directions - and if we assume that some will sell part of their BTC for this year's Christmas-New Year holidays (as well as every year), then we could conclude what awaits us.

I have already written this several times, but I will repeat that despite everything, the price of around $20k is more positive than negative as it seems to some. The longer we keep this stability, the firmer we will be, not only for the next big bull run, but also to show that Bitcoin can endure even in moments when all markets are facing serious challenges.

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[STT]

Watch this week because its currently struggling to keep up the positive lead up to this point.  If we fail here and dont recover I'd guess Nov wont be upto much, a neutral drift is the overall take.




Weekly average, not holding the lows of the last day or so would seem to lead to further downside and repetition of those prices.

[coolcoinz]

Still a bear market, but does it really matter? For most people it really doesn't change anything whether we're at 19k or 25k. We all had a chance to sell at 25 and above multiple times this year. Those who didn't take that chance felt like the price is too low and for these people current struggle below 25k doesn't mean much.

I'm like that. The last price when I sold bitcoin was 47k in April and I won't touch my coins until we get back to those levels. I'm ready to wait another year until this bear market ends, but keep in mind that we've been here already for 12 months. Worst case scenario we have a few months before the trend reverses.

[ShowOff]

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?

If this scenario is true, then of course it will be very interesting to look forward to. The thing is I'm not really sure about it for various reasons mainly due to inflation which is the lack of demand for bitcoin. Market conditions are more likely to be sideway where the price will range between $19K to $22K, to be honest it's not a big gain especially for support against the collapse of the $25K resistance and above.

I hope things don't have to be according to what I now think about bitcoin prices in November, but really we won't know for sure in the end. At your first point, the DCA might be very useful to prepare yourself in case the price jumps higher.

[spectre71]

Lot's of bad news still to come. Couple more fed raises, housing crash, used car market falling, GM on the ropes, inflation and Christmas. Sideways until the EU unthaws in the spring.

Sideways at best.

[salad daging]

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.

Every month has a different incident I think people always assume that in a certain month bitcoin will go up but from what is predicted it just wants to see a momentum for bitcoin's rise but I think the current event will not be a big one because the world is going through quite a recession worse, many even think the current situation they prefer other than bitcoin which for them tends to be less sure except for investors who already know how the good side of bitcoin in the future.

But this time bitcoin is at 20k+ although I honestly say a bullrun is unlikely in the upcoming events until the end of the year, at least we will see bitcoin travel above the 20k - 25k average that has my reasons why bitcoin will not have a bull on the moon this.

[virasog]

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.

Some people start to compare the price of bitcoins in November in previous years and try to predict the bullishness of the market. If most of the years November and December are the bullish months for bitcoin, in particular, this does not mean that we will be bullish in this month.

Agreed with you that bitcoin is in a bearish state and there is nothing happening right now due to which we can say that bitcoin will be bullish. We need to follow the trend and the current trend for the bitcoin market is bearish.

[crytolad]

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?

It is too early to speculation and it's hard to tell if we are about to enter the bull season. I have heard before that we have passed the bearish season but the charts are still reds. So, am gonna keep my hands crossed.

[Mpamaegbu]

I'm optimistic that Bitcoin will rally north ward for the month of November. I shared this perspective in a different thread here a few minutes ago. We might not have seen enough strength upward to suggest that it could break the $21,000 barrier yet as a few users have pointed out. However, Bitcoin has a way of causing instantaneous spikes to change the tides. I believe that can happen this first week in this month. For anyone trading it, I will advise they look for buy entries more and jettison the idea of shorting it even if the set-up looks enticing.

[eightdots]

Any particular month does not affect the Bitcoin price. No need for speculation. I think it's too early to say bull. There must be events in the world that can affect this. Positive events. Every other word is just six unsupported words. We have a long winter ahead of us. There are people who will exchange Bitcoin for Christmas celebrations. There are economic uncertainties. There are many factors that will affect Bitcoin. So all we can do is wait.

[dezoel]

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.

Whether you like it or not, there will always be people who believes on it because this is what they witness before or if they are a newbie, this is where they observe upon looking at the chart history but I think I am with you because I believe that btc doesn't work in a pattern except maybe to that 4 year halving as it is already programmed in btc. For us we only believe on the real facts and one of it is the is the supply and demand.

You already explained how it work but I can't agree with you when you say that we aren't in a bear anymore. How come when the price of btc is still at $20k? But let us see if there are positive events this month which will help encourage people to buy more coins.

[Sanitough]

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.

Everything that will bring good news and positivity on the market will always make the market look more bullish. Although the bear market is still here, but everything can shift from bearish to bullish if there will be more positive news and trends this month that will make the crypto market totally benefit from it. Otherwise, the bear market will stay for good this year and might even affect the next year possible.

[GeorgeJohn]

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.

It's not sure that the price of Bitcoin will definitely increase in November and December, this can happen under probability, and i will say it's an assumption because their is no stipulated time frame that States that Bitcoin or cryptocurrency generally will definitely increase in every November and December period per say. So it acceleration or increment in price will come as a result of the demand and supply in cryptocurrency market.

[Kadal Ijo]

The trend of 2022 seems to be difficult to bull, the market continues to decline and almost 3 weeks prices below $ 20k, and at the end of October or a week ago it can return to $ 20k, unfortunately the market looks difficult to touch $ 21k, I'm sure if I can touch $ 21k will make a positive sentiment so that the market can continue to rise.

[Oshosondy]

It's not sure that the price of Bitcoin will definitely increase in November and December, this can happen under probability, and i will say it's an assumption because their is no stipulated time frame that States that Bitcoin or cryptocurrency generally will definitely increase in every November and December period per say. So it acceleration or increment in price will come as a result of the demand and supply in cryptocurrency market.

There are some November and December that bitcoin price declines, but some people may just have the sentiment that bitcoin price may increase during this period, but in December just because it was like that in in 2018. But bitcoin price was significantly decreased in November period of that time which was followed by bull run for the next 5 months or so. Nobody knows if the price will increase or not, we are only having fun of price guess and nothing more. But more importantly that even if the market will still be more of bears, we should still move more towards the bulls side because the price of bitcoin may surpass $25000 in a month or two months to come. Even if this year is not more bullish, the beginning of next year might be bullish

[Yaunfitda]

It's not sure that the price of Bitcoin will definitely increase in November and December, this can happen under probability, and i will say it's an assumption because their is no stipulated time frame that States that Bitcoin or cryptocurrency generally will definitely increase in every November and December period per say. So it acceleration or increment in price will come as a result of the demand and supply in cryptocurrency market.

There are some November and December that bitcoin price declines, but some people may just have the sentiment that bitcoin price may increase during this period, but in December just because it was like that in in 2018. But bitcoin price was significantly decreased in November period of that time which was followed by bull run for the next 5 months or so. Nobody knows if the price will increase or not, we are only having fun of price guess and nothing more. But more importantly that even if the market will still be more of bears, we should still move more towards the bulls side because the price of bitcoin may surpass $25000 in a month or two months to come. Even if this year is not more bullish, the beginning of next year might be bullish

I like that we are more on a bullish at the end of the week of October, no one thought about it but suddenly the price goes from mid $19k to $21k, so that is almost a good increase in this bear market. Nevertheless, it's really hard to see if we can at least maintain the above $20k price. There market is reacting to every negative and positive news specially coming for the US, regarding CPI and other economic measurement they they are going to released in the public. If the CPI report turns out to be very encouraging and positive, then maybe $25k could be hit.

[Beparanf]

Still bearish for a better bullish cycle next year. The price suffer the biggest loss this year for the recent bullish cycle which means it needs time to recover before we can see a strong bullish rally. A relief out of thin air is just useless and probably will result to dump again just like what we are experiencing right now after Bitcoin hits the 21K resistance. This is not the bullrun that we are looking for for long term. I believe we need to a wick on a very low price before Bitcoin pump again above ATH.

[YOSHIE]

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

Lately I've been reading a lot about the actions taken by investors and crypto users in taking risks and one act of buying or investing in crypto at least the end of 2022, it's all done based on speculation that is often discussed by crypto experts.

Many of today's crypto users are willing to take the risk of failure, if crypto later this year falls below current prices, but many of them believe and speculate that November crypto prices will not go down, currently the crypto market is trading at the bottom.

Honestly, I also have a feeling that in the next two months there will be no major changes and influences for the crypto market, apart from the speculations or speculatives that I often see and read about, I am committed to myself this is a good opportunity to do my best for those who believe especially in the field of crypto.

[lizarder]

Lately I've been reading a lot about the actions taken by investors and crypto users in taking risks and one act of buying or investing in crypto at least the end of 2022, it's all done based on speculation that is often discussed by crypto experts.

And maybe because the achievement of ATH in 2021 is the basis for strengthening the actions of investors and crypto users in making investments at this time.
The peak of ATH's achievement in the previous year, the more heated it was discussed by speculators and experts, thus provoking the reactions of investors and users in approaching bitcoin purchases at the end of this year.

Many of today's crypto users are willing to take the risk of failure, if crypto later this year falls below current prices, but many of them believe and speculate that November crypto prices will not go down, currently the crypto market is trading at the bottom.

Currently bitcoin is in the range of $20k, this indicates a correction phase and may last until the end of the year. Even if there is a recovery, I believe it will be in the $30k price range. Speculation on price may still be difficult to predict more precisely, but I think heading to $20k is unlikely.

Honestly, I also have a feeling that in the next two months there will be no major changes and influences for the crypto market, apart from the speculations or speculatives that I often see and read about, I am committed to myself this is a good opportunity to do my best for those who believe especially in the field of crypto.

This is the best choice for buying bitcoin, considering that small incremental purchases are more profitable if they are made when the price drops. At least this is an opportunity for anyone to enter the market, if indeed bitcoin is the desired investment option. Although we know that Speculation or Speculative are two things that cannot be separated in the bitcoin journey.

[Oshosondy]

I think the November will be the same as the previous 3 months, which is stagnant, maybe the price will be in the $ 18k - $ 22k range, but for those of us who are used to daily trading, this is a good thing because the highest and lowest price ranges can reach more than 15 % so that it can make us get a big profit.

The market is less volatile, but still in a way traders can make money, traders that long or short can gain, but you know that trading has its own means of approach, I mean how it should be done, it has strategies to be used to make profit. The market can be good, but a trader may still lose money, the 15% volatility can be a loss for some traders. The 15% may also be unrealistic for day traders as they open and close trades daily.

The market is less volatile, but it can not continue to go like this, a time is coming when the market will become more volatile, it may not be in November, but it may also start in November. Let us see what would happen, but like I do say that it is best to just go for the bull side, but not knowing if there would first be a bear market that may lead to the bull run.