Bull or bear November?

[Charles-Tim]

I believe this month will be a bull one, November is usually a good month for bitcoin and there is a possibility it will be once again a good one.

Not all Novembers are good. Check the opening post and see in his comment that bitcoin decreased abruptly in November 2018. It is possible that this year will be of bull market but I can not guarantee that, the bear market may not yet be over too. But buying or starting to DCA now is not bad at all.

However, we should also remember that bitcoin is something that could change based on some news, meaning if there is a great news then we can see it go all the way to 30k+ and it would be awesome, but we can see a bad news and suddenly reach to new low like 15k as well all based on what we are going to have in the long run.

News can affect the price, but did you noticed that news that caused bitcoin to reduce during bull market still result to nothing but bull latar? Example is Elon musk bitcoin price manipulation and the Chinese crackdown on bitcoin, not knowing bitcoin will still reach all-time-high after. News can be deceiving in long term.

I am not saying it is a guaranteed thing, but it is obvious that we are not going to see something so simple like black and white like "up or down?" because it all depends on the news, we will get this month.

If you are a holder and not planning yet to sell your coins, it does not depend on the news, it depends on the market.

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[Yatsan]

No signs still at the present. The market still is having a hard time to recover and now that this year is about to end, I guess recovery won't happen this year; let us hope that there will be a bullish run next year.

As matter of fact your questions is something we all knows the answers, which is Yes and No
because from little observation we all are basically looking at after bitcoin halving which have really attract attention of many of us here, so if anyone talking of investment should note that bitcoin price increments could be after 2024 to expect another new ATH, but for now we can only seeing the price around $19k to $30k that is highest we can see it before we gain new ATH.
No need to cause FUD while we all knows the answers.

After bitcoin increased to over $19600 in 2017, it decreased to almost $3000 in 2018, and almost $3800 in 2019 and 2020. But before 2020 when its price started to increase after halving, bitcoin increased to over $13000 in 2019 or so which is more than half the price of after 2016 halving all-time-high. If anything like that happen now, bitcoin price can go above $30000 before 2024 halving. But if the price does not go beyond $30000, 1.5x is still profit if anyone invest at $20000.

We cannot assume that same thing will happen again and again. Indeed this technology has a huge potential and is probably the future of currencies but expecting for the exact occurence of something because such thing happened before would be a danger to new investors out there. Some people are desperate with their money; investing everything not considereing nature of market volatility. Since we are not yet still on a bullish trend, chances could give them loss. Indeed just holding won't yield to permanent loss but for how long can those kind of investors endure the market situation? Let us be a guide to the new ones, it won't cost us that much.

[Chainsmokers]

I think November will be a bearish month for Bitcoin until the end of this year, because the current sentiment is very bad,
especially since CZ and FTX are currently heating up, there is a big possibility of selling to cover losses,
so hopefully my prediction is wrong because it is seen from technical analysis. if the bitcoin price stays above $20k until the end of the month then december will be a good month to go up,
but if it's still below $20k then we will see a dump in bitcoin, so be prepared.

[GeorgeJohn]

I think November will be a bearish month for Bitcoin until the end of this year, because the current sentiment is very bad,
especially since CZ and FTX are currently heating up, there is a big possibility of selling to cover losses,
so hopefully my prediction is wrong because it is seen from technical analysis. if the bitcoin price stays above $20k until the end of the month then december will be a good month to go up,
but if it's still below $20k then we will see a dump in bitcoin, so be prepared.

I believe that nobody hold the features of Bitcoin because i believe that Bitcoin itself, the continuation of it's bearish market is dependable via the the determine or the determinant of it's demands and supply of cryptocurrency, concluding that Bitcoin as well have to continue it's bearish market this year, i tag that as under statement because their no parameters personal use to indicate that, so i believe that cryptocurrency price regulations is changeable at any point in time.