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

I don't think it will go down much in price, according to analysts it may not go down below the $61k level, I think it won't go down much.

If the candidate who is against cryptocurrencies wins in the current elections , I think it will go down but not by much, I have faith that by 2025 there will be an Early Christmas.



$61,000 Is Bitcoin' Line In The Sand For ETF Demand To Remain Steady, Says Analyst





Original Source:https://www.benzinga.com/markets/cryptocurrency/24/11/41715056/61-000-is-bitcoin-line-in-the-sand-for-etf-demand-to-remain-steady-says-analyst?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

At the beginning of October before that bitcoin experienced a correction and now at the beginning of November is doing the same thing but there is a possibility that at the end of the month bitcoin will go back up in the end, I don't know what the scenario will be but about optimism of course hoping for a positive direction.

US election? As it will be an interesting narrative in our discussion especially on social media, as bitcoin lovers expect Trump to win to be more dominant again to bitcoin, some results show Trump is still above Kamala, maybe it can be a breath of fresh air to see.

Elections should definitely play a big role, there will be a lot of people who will make a ton of movements without a doubt. I am not saying that we are going to end up with a great result one way or another, I am just saying we are going to see a huge increase in price in either case.

Because there are so many Americans, including retail and corporate, who are waiting for this to be over before they make their decision. I am not saying they will invest based on who wins, they are just going to invest based on market movements reactionary to election results. So that is why we are going to end up seeing what will happen, we just need some more time and with enough time we are going to end up with a bigger price no matter what.

There are only a few hours left for the election and everything surrounding this election will begin to have an impact. October was a special month for Bitcoin. The month of November has also started and already the price of Bitcoin has started to rise again after a slight decrease. If Trump wins the election, this month could be known as a special month for Bitcoin, and if Kamala Harris wins, then Bitcoin will definitely retreat from the current situation. That is, the value of Bitcoin will fall. But since there is no certainty of which team will win, there is also uncertainty about what level the price of Bitcoin can reach.

I believe if Trump wins Bitcoin will hit a new high this year and November will be one of Bitcoin's best months. But looking at the situation, we can admit that Bitcoin will not reach 30k by any means. If one assumes such a value then it must not be realistic.

The OP could have created a poll while he was at it. In my opinion, November would have to bring movement to bitcoin but maybe not what everyone expects. A lot of people expect that if Trump wins the price will go up and I wouldn't be surprised if the opposite happens. And I wouldn't be surprised if the price goes up if Kamala wins either. The only thing that is clear to me is that the trend for the next 12 months is going to be bullish and in the very long term as well.

About November I think it could be the beginning of the bull run, but who knows.

We have seen a small drop now but I don't think it will be deeper. this month the chart might move sideways even when the election announcement is published it might not have a big impact. The end of the month or early next month might be a good moment when Bitcoin is moving pretty stable now.
I don't know how much impact the election will have on the current bitcoin price. but I hope it really makes a new ATH instead of a long term drop.

Pretty likely, yep.


A strong US economy is much more important than the presidential election. No matter who wins tomorrow. If the economy remains strong, we will see higher Bitcoin prices in the future.

It's always been like that, solid economic data counts much more than vague words from politicians that may still change after the election.

For that reason, I don't think a Kamala win is terribly bad for Bitcoin and a Trump win is not super positive for Bitcoin.

If we get dips, you buy them.

I guess with or without US election, bitcoin price is still bound to reach its new ATH if not this year, hopefully by early next year. However, given if the election result favors on Kamala over Trump or the vice versa, still no one can predict specific price movement for bitcoin. It depends actually on how bitcoin and its market reacts to the current trends and even macroeconomic conditions. Different factors come with different effects on the market. If the outcome creates a positive effect for bitcoin, then most likely bitcoin price will surge high, but if it’s the contrary, then bitcoin price is expected to drop once again.

I am not sure about what will happen to Bitcoin price this month. But I hope that we can see the increasing for Bitcoin price and break the last ATH. But even if that can not happen in this month, Bitcoin will have more opportunities to increase in the next months. So we don't have to thinks about the price increases or stay at the current price now.

We need to be ready with anything that can happen so we can use the situation for our benefits. So when the price finally increase this month, that will be a good news for us. The bull run will comes soon. The presidential election may impacts with the crypto market and other market so we need to be careful and be ready for that.

Nah, even if Kamala Harris wins, I don't think Bitcoin will drop to a number that will surprise us. The ETF will probably help to lock it on a number where it cannot go down anymore. I know there's a thing about Gary Gensler but I think Bitcoin's community is very large now that it won't be easy to dump it anymore. Those who will do it might have a difficult time for re-entry if they do, so doubt will linger on them.

I did believe in the Ber months where people have more money to spend but Bitcoin's market in the past years has proven me wrong so Ber months could just become a silent market for it. If Trump wins though, it might be different. Well, let's see.

We’re about to see how things unfold, but honestly, Bitcoin’s already in a good place, nearing its current ATH. Even if the price dips a bit - right now we’re at $68k...that’s not much of a drop. I believe that once the market gets fully bullish and closes in on its ATH, it’ll push through and break it. So, I’m not too concerned about the election outcome. Bitcoin has been through plenty of elections before and it’s still here, growing in adoption. There’s really nothing to worry about.

If there were no elections or if politicians did not mention it and use it as a tool in elections, things would probably be much more predictable. But with bitcoin and the crypto industry tied to the presidential candidate, things could get turned upside down and even worse if he doesn't win.


Based on the 4 year cycle we have been in a bull market but honestly, I don't feel like it. Do you feel like we are in a bull market? From my observations on forums, social media and investors around, I don't see the market being as optimistic or excited about us being in a bull market as many would expect.


Bitcoin won't skyrocket to $100,000 if Trump wins, but at least his victory will create excitement and catalyze a strong bull run in the market.

With or without the election, bitcoin will be bullish this month of November, because we are in the bull run and we are getting closer to the peak which we are expecting by the first Q1 of next year. Bitcoin price needs to start uptrend movement for history to repeat itself again and a new ATH will be recorded. It is just that if Trump wins we can achieve this faster, and we might see a higher price of ATH than if Kamala wins. I don't also believe that if Trump wins, bitcoin price will only keep pumping till it gets to a $100k, we will still experience price dips.

We haven't even crossed the $100k goal yet, so thinking about something so far away and intangible is unrealistic. $1 million for a bitcoin sounds exciting and interesting but did you know that would bring bitcoin's market capitalization to $21 trillion? That is not a small number and not easy to achieve, we should consider and evaluate realistically instead of listening to the baseless predictions of experts out there.


As for bitcoin price prediction this year, of course the holders will win no matter who is elected but we have been waiting for 3 years and that is not a short time. If things continue to stagnate and drag on for much longer, I'm not sure how many people will get excited and hold bitcoin. So for me, the election results and their policies are really important for the market, so I hope the pro-bitcoin candidate wins.

Although Bitcoin showed some weakness at the beginning of November, the US presidential election will start tomorrow, and this election will serve as a strong reason for the positive movement of Bitcoin's price. Although many are worried about who will win, the real winners will be the holders. Because if Trump loses in the US presidential election, we may see a negative movement of Bitcoin this year, but Bitcoin will definitely recover in the future. In 2025 we will definitely see a lot of growth in Bitcoin. Hence the investor should believe in long-term prospects. It will surely cross $1M over time And for this it just takes time.

Bitcoin seems to be weakening in the first few days of November, but I just think the US presidential election is just a tool used to influence the market, and isn't that what we often see that current events are often used as reasons for Bitcoin to go down or up.
Who wins? Of course the holders because they will tend to ignore the negative news and just believe Bitcoin will still go higher

indeed it might be very well be the case of selling at the news, as such thing has happened quite frequently, whenever an event that could strongly influence the price of BTC comes up, the price just going up slowly then dump when the event happened.

same thing in this case I guess, it could be that we are just accumulating for the next rally as pullback is to be expected.

but it also can be people are so anxious with election outcome that they can't help but sell BTC at relatively high price just in case.

either way I still think BTC still i the trajectory for bullrun, as it still doesn't go below $60k again.

Bitcoin prices have only been dumping since the first of November, but you are right that Trump's election has had some impact on Bitcoin prices due to his rivalry and corruption. I realized this directly in a news, but if Trump wins the election, Bitcoin price will definitely go up a bit. 

You can see the correlation of the dumping of bitcoin price on political issues: https://decrypt.co/289824/bitcoin-slips-trump-odds-plummet-liquidations

However, in November 2024, the price of Bitcoin will be under the control of investors, as investors can easily invest in Bitcoin. This 2024 Bitcoin price is very likely to touch the highest level of $80 thousand, and its impact will hit the highest level in 2025. And next time bitcoin price will pump more and make new record bitcoin price.

If Donald Trump wins then it's great if bitcoin continues to crawl... Because we have prepared bitcoin in advance by means of DCA.
Kamala won maybe some people said bitcoin went down ... No problem we can buy in certain situations because after the presidential election is not the determinant for the real bullrun.

But indeed with the US Election this time it still concerns bitcoin.

This month of November the bitcoin price showed a downward trend since the month of October was uptober that is why the price of bitcoin came chrome in the month of October. One of the reasons for this Bitcoin dumping is attributed to the election of Trump, as the election is coming up soon and there has been some violence in the election campaign which is usually blamed for dumping the price. However, there is a bit of a political touch to the current decline in Bitcoin, but this could be an opportunity to reinvest in Bitcoin. Since we are in a bull market it is most likely to pump again at any time as the current dumping will be more pumping.

Expected, but bitcoin can move in any direction so it is impossible to ignore any one of them.

Regardless of who wins the presidential election, I think we should know what to do with these investments. Preparing everything from now on is certainly necessary, it is anticipation so that we don't miss the moment. If bitcoin goes down, then we should know what needs to be done, and vice versa. But I hope there aren't any really bad panic attacks this month regardless of who the winner is, every investor needs to consider a lot of things.

It will be Novembull... 

I saw some tweets from Elon Musk saying the polls say Trump will win, some other news Kamala Harris will win... It's a different perspective but we don't know who will win yet because the election is coming up.
Since the last few days bitcoin has decreased this may be due to other negative news effects.

If Trump wins there is a possibility of bitcoin going up this month, I see in terms of Trump continuing to push bitcoin.

ATH this month is very possible. The weekly chart seems to have a good indication that it will bounce up to new heights. Based on the data above, the month of Nov is greener almost all the time. Although the monthly chart is where it gets confusing, probably the reason why there are still large institutions that are not getting in.

A lot is still not holding though. It seems ideal to trade in the 4-hour chart just observing the up and downtrend fluctuation of the prices.  

Yep, pretty hard to tell before the US election on Tuesday. However, the polls on Polymarket seem to be flawed and I really doubt there is such a big margin.

A Trump win likely sends us to new all-time highs quite quickly, maybe even a sick election daily candle on Wednesday. If Kamala wins (which is quite possible, if you go out the crypto election bubble) we might get a decent dip. However, imho this dip is for buying. No clue if we get all-time highs in November then, but midterm it doesn't matter who wins in the US.

That's why I am pretty confident we will get higher prices in 2025, likely above $100k.

It is not about Trump buying a bitcoin or selling off because no amount of bitcoin that trump can buy that can actually pump up high the market or a sell off, the amount of bitcoin needed for that is definitely way much that he can spend now on a bitcoin. The effect of Trump on bitcoin is felt when the investors actually shift their market sentiment towards his decision, the bitcoin price is affected by demand and supply and categorically this is influenced by the investors sentiment.

The main reason why many people feel like should trump wins there is going to be a pump is because he is seen as some inclined to supporting the decentralized market so should he wins more investors will be bullish on the perspective that his regime will bring in new relaxed and flexible restrictions to the space and as such this bullish sentiment will lead to more demand and increases the bitcoin price and vice versa should he lose.

My take is always to actually stick with the historical data and it is that bitcoin price will pump up base on the historical trend as such with market price moving close to a new ATH last month I believe we will be getting a new one this month

This Bitcoin price increases that is always tied on Donald Trumps, does it mean he buys more of Bitcoins when he gains positive awareness or he sells his Bitcoin assets when he fails to achieve those positive expectations surrounding within his political ambitions that he has so much effect on Bitcoin like that as speculated? Or does he
also influences those huge whale accumulators with related action with their Bitcoin?
The last time I remembered when Donald Trumps was on debate with Kamala Harris, Donald Trumps was slammed but yet Bitcoin price was popped (increased)  
So I really don't know how and why Trump is usually an in-between on Bitcoin price.

As for Bitcoin price on the month of November, our predictions would still make different as usual.
We would only get what the November month brings but then, investors would always anticipate for a price increase as the goal is to make profits while invested on n Bitcoin.

To my own view, Bitcoin price would keep jingling within the margin of the current ATH in this month of November but breaking a new ATH is untold but though it is possible to meet a new ATH crossing to the month of December.
I think I talked kind of fluctuating here. Lol
That is literally how fluctuating Bitcoin has us that we can never be sure of its next move.

I'm more on the no side. We're probably not seeing Bitcoin go back up to 72k, maybe 70k at most. Probably going to see that usual steady line in the market for the month. At most, going below 67k maybe? Pretty sure if we were expecting anything bullish, we'd have already seen it when Bitcoin went up to 72k, but we didn't. We dropped off and at this point, a slow and steady drop off.

There's also the possible reaction the market will receive once the election happens though. Personally I feel like it isn't (or shouldn't) affect the market that much, but eh, kind of too big for me to judge. Either way I don't think we'd go past at least 80k this month. We can probably see that next month instead.

Not entirely, but it do affect Bitcoin.

Most people are overreact news from big people, we know that Elon Musk tweeting Bitcoin logo doesn't give any meaning or politicians that talk about Bitcoin doesn't enitrely support Bitcoin. But, people think they're support Bitcoin and it's a sign for pump.

That's why Bitcoin price increase when they're doing that.

We’re still expecting something unlikely to happen since Bitcoin’s price remains as volatile as ever. No matter who wins, we can’t really predict how the market will move. However, I think Bitcoin’s price will likely keep rising as the holiday season approaches. I checked past price trends, but it’s still not enough to say things will follow the same pattern this year. I’m certain this time is different—not just because of the U.S. election but also due to shifting investor behavior. And in my view, that could have an even bigger impact than the election itself.

Does it mean that Bitcoin has now depending on a political party to soar it's price or what? To me I don't think we should be equating a political discussion to bitcoin as I know politicians are anti-bitcoin and I don't expect action to have effects on bitcoin price because they aren't in control of bitcoin right from the inception of bitcoin. Yes there would be affects due to some people believe that Trump would have positive moves towards bitcoin while the other opponents seems to be anti-bitcoin who does not love bitcoin.

Now judging from history we can always say that October-December is always a good months for the bitcoin price increase, although there would be a little hinderance since it's believe that the election will have so much effects on the price, otherwise I am always bullish on this Q4 of 2024.

There is a high probability that the value of Bitcoin will increase a lot if Trump wins, but we cannot expect anything positive in the case of Kamala Harris. The election is only 2 days away, and Bitcoin is now worth $68K. We will see the next movement of Bitcoin after this election, but without seeing the final result of the election, it is very difficult to predict the next movement of Bitcoin, the next positive or negative movement of Bitcoin is completely dependent on the result of this election. Let's see who wins the election and how Bitcoin moves next.

Aside from the election results that will impact the markets, let's not forget that the Fed is expected to make two more rate cuts before the end of the year. And to me, that's going to be a more important factor that impacts the market than the election. But with recent data released, many predict that the Fed may only cut rates once by the end of the year. If that prediction comes true, I'm not very optimistic about the last two months of the year, not just November.

Honestly, does anyone else feel like things are stagnant and gloomy? Things are not like previous bull cycles. I don't want to be alarmist but I have a feeling things are getting much more complicated and unpredictable than previous cycles when there were a lot of geopolitical events impacting the markets.

Yes, as long as the support line will hold, thus maintaining that $68k-$69k price range, we will all be good. However, there is the US election in the next 2 days, and I will say that it's going to be a big factor, it could really be a breaking point for us if Trump wins pushing the price to near levels or all time high. Or if it is going to be Kamala Harris, then there could be a major correction.

Although we are still in the center of the bull run as we have 2025, a full 12 months so make the price to the six figures that we all have wanting to see, but this month is going to be very critical and it's hard to say whether we will continue to be bullish or not.

Although today is the weekend, the market is usually not very volatile, but right after Trump's support dropped, Harris' support suddenly skyrocketed on the polymarket. Bitcoin also immediately dropped below $68k, which shows that the outcome of this election will have a significant impact on bitcoin, unlike every previous year.

I thought the election wouldn't affect bitcoin much but I guess I was wrong, if Trump doesn't win, we'll even have a serious dump that's inevitable.
In my opinion, the trend of bitcoin in November depends entirely on the election results. If Trump loses, don't expect the market to continue to rise and the bull season will be delayed further.

realistically speaking, feels like we're about to see some red market this month . the october isn't bullish enough for november to carry on the rally, instead according to the data you showed, when october is not that bullish, november have tendencies to be bearish. well I guess i just need to look out for this possibility.

it seems BTC just gonna accumulate for a while around this level, probably side way around $64k - $69k, hopefully this is not the case, but it's always possible.

overall the sentiment toward BTC market still neutral, haven't seen that much bear posters either.

Retraction for 4 days but Bitcoin remains good on its start to November.  With the 50 day average crossing back above the 200 day, the medium term is set fine alongside a good setup longer term also.  

The only question remaining is for the last 2 months of 2024 and I think at worst it will be a middling performance but with a better then average chance we outperform.  Certainly so long as BTC remains above 69k we can do better then previous months going back to the Spring.   But this moment is pivotal as BTC is placed just on that 69k level now, this was the top area for the last couple weeks and further back about 3 months of the year was capped in this area so it has some volume so we have an easy indication for progress going forward.

we can't say at this moment how bitcoin market is going to react to this November sentiment and for some reason, the bear market is beginning to bite hard and for that we have to make sure to put every necessary thing in consideration before we make any predictions as for which direction Bitcoin will go in this month of November 2024 because from the look of things, Bitcoin can go in any direction and the tendency to go in the negative direction in this period is there so we have to be bold and smart enough to make every necessary attempt to remain at advantage.

Bitcoin before November have been on the positive Outlook, and for sure it will continue like that for a long period of time, but for us to determine which direction Bitcoin will go in this current month of November 2024, is somewhat hard because of the current conditions in the market.

Could the current correction in the market open the door for more dip market, or will Bitcoin be strong enough to make a quick recovery this are what we have to consider before making any predictions and speculations.

yeah it hasn't and depending on who wins there might be a dip next week
But the speculation is on November and not next week
So I'm optimistic.

Funny how the supporter of bitcoin is also a Shitcoiner.
Well all we can do is speculate
Let's see how the election and November plays out.

But did you know that bitcoin has not been in political level like this in the past. The presidential candidates were neutral. Unlike now that one is really optimistic about bitcoin which makes the crypto community to like him while the other remain neutral.

Although I am also bullish in any candidate but I am not sure how the market will react for some hours if Trump does not win. I I think this affect the market for some hours before recovering.

We have seen all that Uptober could offer us, both the bull and bear market aspects of it all, now over to November, if we are going to judge by the today and yesterday performance of bitcoin, we can draw a little conclusion that the market may go bearish for now, though we still have the whole month to see how it could perform, but for now, investors should check well their chart and speculate like never before to see that they are right about their feelings on whether to go bearish or bullish regarding this month of November.

Now talking about election
I'm quite bullish
Bitcoin performance during election month of November has been green so far
2012 an increase of 11.2%
2016 an increase of 5.4%
2020 an increase of 42.95%
And 2024 an increase of TBD
Will fill that after November closing.

In all, I'm quite bullish.

Bitcoin markets have had a bit of a love-hate relationship with November. Over the past six years, four Novembers have ended in the red.  Hopefully, this year will be in green again, like last year.

Here is the data from coinglass:

From the look of things right now with bitcoin market reaction, I think we are going to see more bullish market in the month of November compared to what we hard in October, although bitcoin recorded some exciting price movement in the month of October which was way above $73,000 plus price, this market sentiment makes all the of sense in this discussion and in aiding our speculations for this month of November, although at the moment the price of bitcoin is below 79k which is somewhat a negative market right now with some attempts to recover but meeting stong resistance each time.

November started on a negative note for bitcoin, but then we are in the early days of the month and for that we have a lot of NG way to go in our speculations, since bitcoin right now is facing a resistance thatll could trigger either an up trend movement or a pull down which could be a sharp decline, but the overall expectation right now is a bull breakout in the month.

I think you are the first person to raise the topic and it is nice we discuss it to see the opinion of people this month that I consider very sensitive for Bitcoin. What will happen this month will give us idea of how bitcoin will do going into the remaining part of the year and even till next year.

Just like you rightly said, a lot depends on the US elections and the sentiment you stated is true. It will really be hard for the price of Bitcoin not to respond to these sentiments because Trump is seen as good for Bitcoin whereas Kamala is seen to be against Bitcoin because of Joe Biden's actions that many consider does not support Bitcoin.

I have not noticed any topic about sentimental discussion about bitcoin price in November. If there is any thread about it, you can let me know. But I have gone through the recent threads on this board but I did not see November discussion for bitcoin.

What do you think, will bitcoin rise November?

It remain just three days to the United States presidential election. Some people think that if Kamala Harris wins, bitcoin may drop a bit before going back up. Some people believe that if Donald Trump wins, that the price of bitcoin may increased to ATH.

We do not know yet who is going to win. And also without knowing yet who would win, do you think bitcoin price will increase this month?