Topic: Bitcoin sentimental discussion for November (Read 647 times)

Another good day for Bitcoin on the top prices, only slight gain with the peaks sold some.   The 2 day average is just below the prevailing price but BTC trades below the 12hr average.

My take on days like this is price remains sideways, it is in a slight gradient upwards but considering there is no volume of trades in this area and progress should be easy on balance I consider this slow to steady sideways progress.

More importantly to my own view is to maintain above the weekly average for an ongoing positive attitude and BTC has that for the last couple weeks with good progress.
   Further afield the general take would be to maintain above the 50 day average, true since September.  No great selling is occurring if we are not even close to that, BTC remains bullish on all time frames.

Trump's victory as US president has made the market increasingly optimistic. Bitcoin price moved so fast and maintained its good performance in the range of $88k to $91k. Trump's election is expected to bring more changes in position towards crypto regulation at large and this is not just about bitcoin, but about this industry moving forward. Prices are expected to increase further in the next year although now most crypto prices have started to provide fantastic returns for their holders or investors.

Yes, it is a fact that things can be like that, there is nothing that prevents it, in fact what is expected is much better when Trump takes his presidency in JANUARY because it is expected that many things will improve in the world, it is said that even the dictatorships of third world countries will no longer exist and that excites me, wars will cease and that is something that excites me even more, we just have to wait patiently, it may be that this period of peace that can be unleashed can result in a very juicy new ATH.

No if about it, people going to be upset to find out theres an IF still in play.    That would be mass upset and very bearish in most respects.   All states have declared, Arizona and Nevada who I bet on as marginal being the hold outs due to the states being a desert I guess.

   It was an extremely strong result for Trump, not a single pundit told me to expect that.  Mostly Harris lost alot of voters some not even recognizing her presidency run apparently which is unfortunate.   But anyhow its decisive, an about turn on that is extreme volatility for markets.


End of week is time to look at weekly bars and its stronger, far more then I expected it immediately.  As said we only just collected all the vote results so its whipped up alot.

We surpassed 73k,  we just moved past 80k and I thought 79.3k could be an area for rest or resistance.  If we dont hold back then some hope for 100k this year which is 161% of the old ATH.   My expectation at the start of this year was somewhere near the old ATH and that was good enough for 1 year but it may keep pushing in theory as nothing is in the way any more.

End of Oct 2023 I set a poll for price till end of year, I guessed sideways.  It gained about 33% which is alot more then nothing.   We might do the same now I guess and enter 2025 as 90k if similar.

Well, you have to understand something, if Trump wins, the price of BTC could even reach $100k, because the trust they have in him is unique when it comes to BTC, on the other hand, with Kamala Harris it is a different story, she has not agreed with BTC or cryptos, so in this case things must be spoken clearly, as much as they want to disguise things, they must be seen in the best way, so in this aspect we are people who must see this in numbers and clear terms in order to know later what we should flirt with and deal with, the situation can really get tense.

As we know november is usually a green month, but think to the POTUS election november 24 is becoming an ATH month. Do we have statistics about that btw? They are tables showing how it performs in increasing or decreasing percentages every months, but there are no statistics showing when it used to break ATH the most, unfortunately. It should beat ATHs several times in december and in january 2025 before Trump took office.

It wouldn’t be very contextual to say that Bitcoin now or at anytime depends on politics for its market movement or price action. That’s incorrect if anyone were to reason it in this way.
What’s there to take note of is, Bitcoin being put there in the media. It becomes a question of what’s being said about Bitcoin.

Now, it’s evident that Bitcoin in the resent electoral demonstration on the US, politicians have banked on Bitcoin to be some of the ways by which, they buy over some supporters. With Bitcoin not yet to attain a main frame status, you find Bitcoin investors being supportive of where they might see a more welcoming public servant to the idea.

Sure these campaigns does bring in some new investors and pushes people to build their portfolio in hope of a better but, it’s hardly politics.

Yeah, 70k seems like a good "drop" in prices, I believe we are going to do a lot better because if this is the drop then the return should be higher after this. Too many people are looking at this like it's a bad thing, but the reality is that failing to go under 70k for long time means that bears are not there yet, and I believe that will be the case for a while now.

I do not think that we will go under 69k, doesn't look like there is enough sell pressure to make that happen, of course that could come out of nowhere and suddenly drop it, but by the looks of it, there isn't one for now. That means, when people realize that the price can't go any lower and there aren't enough sellers, they will just end up buying instead.

In an instant, the green chart went straight up to $75,000. That means the previous ATH was broken today.
Trump is one of the factors that caused the Bitcoin price to increase even though I can't prove it scientifically. I think after the $75,400 that has been witnessed, people will be waiting for when $80,000 is reached and they will be ready to move Bitcoin to sell.

If they do sell in the middle of market conditions like this, I think they will see people get a big return from the higher price again.

As South Park said, the market moves on rumors and the market has been betting on a Trump win, so it's not too hard to predict that there will be a correction if things don't go as expected.

No matter who wins, they will never mention the market in their speech because it was never the focus of the election in the first place. So don't expect that even if Trump wins, he won't mention it, let alone Harris. To know exactly how they will behave towards crypto, we need to wait until they officially take office in January 2025 and the policies they enact then.

By the way, the election seems to be over and the news of Trump's victory is spreading, and you can also see that bitcoin has hit a new ATH along with his victory.

The markets move on rumors, Trump is considered to be the most friendly candidate for bitcoin at this time, whether he will fulfill his promises is a completely different matter, and Kamala is seeing as the opposite, so I have no doubts that if she wins we may see a small dip, however if market manipulators can induce weak hands to panic, it is even possible a significant correction may actually happen and the price may experiment a bigger drop.

But a serious note, i'm yet to comprehend why people are having the feelings that the price of bitcoin will dump if Kamala Harris wins because it is really the activities of bitcoin in the market after the election results have been announced that will determine if the price experiences a rise or fall. If Kamala Harris wins, for me it won't have any much impact in the price both positively or negatively, the only thing that will affect the price of bitcoin will basically depends on her post-election speech if she wins. If her post-election speech doesn't go in favor of bitcoin then the price may DIP a bit, but it does not mean that it won't rise again after it has undergone some corrections.

I'm also optimistic about a new ATH throughout November - but I can't completely rule out the downside that could be caused by the outcome of the US presidential election. Today the market is moving quite well and looks like a recovery attempt - but it is still too early to have confirmation that the correction is over and the bullishness has begun.

As I write - bitcoin price is back trading around $70K plus. The lowest price in the last 24 hours was $66K - so this increase is enough to increase our optimism for November. Nevertheless - I think many investors will still wait for the US election results before entering the market.

Its actually looking very good today.   Lowest prices since the recent peak have refused to resume the prior half year decline or holding pattern we had.

So the peak of March April May June and July those prices in a pattern form the basis of the recent low we've traded off higher today.   I wont post the chart for it since its just my own personal take and theory as to a pattern we had previous.

Stated simply if we are above 69k like today be far more optimistic, I think it can launch from this position.  So long as Bitcoin has this area as a support not resistance or ceiling then its primed to go higher.   

Alot of news today but Ive always found the chart is far more reliable and impervious to bias.   Target upside 73k  prior ATH.

Usually, the November month is good for cryptocurrencies but this time the result of the US election may play a bigger part in determining how this month will be good or bad for bitcoin. In case, Trump wins the election i think we will see some spikes in bitcoin and may well break the all time high within this month.

In other situations, where Trump may not be the next US president, we may see some pressure holding this price level but it will be temporary and by the end of November we shall be seeing the all time high again. The reason is that bitcoin bull run will always be there, regardless of what happens in political elections.

Last 2020, Bitcoin went up 40% for the month of November.
I'm not saying that it will go up this year, but I think the result of the US election will have a significant impact towards the sentiments of the investors for this month of November.

For many that are into crypto, they want Trump to win because he made good promises with regards to Bitcoin (of course we'll take it like a grain of salt only). If Harris wins, the sentiment will be negative hence, we will see a small correction before it goes up again... or will it be if she wins? Bitcoin's price during the November of last year went up 8%, and I looked at the history of price movements of Bitcoin during the month of November and, there's no pattern whatsoever.

It's hard to make predictions right now, but let's see how the US election goes because like I said, the results of the elections will have a significant impact to the price movement of not only Bitcoin, or the crypto market, but maybe in other markets as well.

Well I do think this month November will be a 'bullish' month for price of Bitcoin. We did see almost a new all time high but then there was a small correction in price. But it does not mean it will not happen for us before the month is up.
But I do think so this week we can see a new all time high. When the American elections is over I do think price of Bitcoin is going to be more 'bullish'.

No one is saying bitcoin will crash but a correction is inevitable if Harris wins. Simply because the market is betting more on Trump, so if things don't go as expected, it's normal for bitcoin to dump in the short term.

In the long run, new government policies will impact the growth of bitcoin. No matter how decentralized or anonymous bitcoin is. But the truth is that it cannot exist independently of our economy and the economy is completely dependent on our policies. So we need a friendly and supportive government instead of one that seeks to hinder its development.

So far, Harris has remained neutral when it comes to cryptocurrencies, which isn't necessarily a bad thing, but is worrying when compared to Trump's public support for cryptocurrencies.

Bitcoin is now not only among common users but also used as one of the main tools of world's famous political parties. But whether Donald Trump or Kamala Harris are president, their importance on Bitcoin will always be there because the politics of Bitcoin is very important in America. Both presidents will have to politicize bitcoin for now.  But very soon we will know who will be president and who will or will not care about Bitcoin.

The price of bitcoin getting increased and it  doesn't lie on America president, if other countries accepts bitcoin that doesn't mean that bitcoin will not increase if Harris becomes the president of United States of America she can't make bitcoin to crash, can someone outline five reasons that will make bitcoin to reduce in value when Harris becomes the president? And the reason why will bitcoin increases in value if Donald Trump becomes the president of America, because they are not holding or owning a large companies like amazon or  mackbooks companies