Post
Topic
Board Speculation
Re: Bull or bear November?
by
Lucius
on 01/11/2022, 14:52:56 UTC
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.