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.
Topic: Bull or bear November? - page 4. (Read 665 times)
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.
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.
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.
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.
Weekly average, not holding the lows of the last day or so would seem to lead to further downside and repetition of those prices.
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.
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.
I really hate to speculate badly for the upcoming but at some point, we have no option but to say the bear season will still stay this month of November. If we could see a pump, that was a bonus event, and this is just like what we experienced last October. I was expecting no harsh drops in the market, however, it was not enough to save and uplift the market to higher than a bear season but most likely the same market condition is what we experience. And we are investing this time, then helping ourselves to learn how to hold and to be patient is vital.
Am not expecting any bull season in this last quarter of the year. Whatever price movement the crypto market comes with, am going to accept it wholeheartedly without putting my mind to it. If the bear market wants to continue so be it.
The only time I will be more interested in the bitcoin price is next year. For now, am just holdling, not speculating whether the market will be bullish or bearish at the end of this year
The only time I will be more interested in the bitcoin price is next year. For now, am just holdling, not speculating whether the market will be bullish or bearish at the end of this year
Completly bear can see. we are still at the bear market and no consolidation comes. after 1 year of ATH , how can we expect another bull run. DO not expect it will soon arrive. Focus long term
Yes, we are still in a bear market but also in a sideways position because I see bitcoin prices are not going down or rising too high or deep and tend to be at one price level. So far, if the bitcoin price has been at the bottom, the price will not go anywhere and tends to be more stable than before. And even if there is movement, the movement is not too significant. For example, when the bitcoin price was at $19k for a while, and the price started to increase to $20k, it has stayed at $20k until now. But I don't know if suddenly the price will go back to $19k or even lower. So we must be prepared for all situations and conditions, and if that means another decline, we can buy more bitcoins again. 
The starts sounds good because we ended up October with high hopes and with Green market so Maybe the momentum is still On and the vibes is still growth.
November Usually makes a good move towards early December and sudden before the Year ends , this is the scenario every after Bull run year.
November Usually makes a good move towards early December and sudden before the Year ends , this is the scenario every after Bull run year.
Completly bear can see. we are still at the bear market and no consolidation comes. after 1 year of ATH , how can we expect another bull run. DO not expect it will soon arrive. Focus long term
but it is yours to believe mate, remember that in volatile market like crypto has always side ways, it can climb while there is a bear , or it can fall while there is a Bull. 
Yeah, I would say that we are still in the bear season, so November might be the same just like the rest of the month. Prices could be just around or in the average of $20k. But I guess that it's good indication that we might not go lower or see lower lows this year.
But 2023, could be different, going to be another roller coaster ride. And with that, just stay focus and continue to accumulate as much BTC as we can at the end of the year. The opportunity might not present itself again.
But 2023, could be different, going to be another roller coaster ride. And with that, just stay focus and continue to accumulate as much BTC as we can at the end of the year. The opportunity might not present itself again.
Completly bear can see. we are still at the bear market and no consolidation comes. after 1 year of ATH , how can we expect another bull run. DO not expect it will soon arrive. Focus long term
But let us continue our monthly fun. Would the price of bitcoin increase or decrease in November?
$20,000 for me is what I'm considering as the psychological resistance and so far, the price of Bitcoin is above that though it's only a few hundred dollars higher and anytime, it can still go down below it.We know that long term, we expect a bearish movement towards Bitcoin but on this month alone, I expect a bit of an uptrend in the short term. I was surprised TBH that it went up to $20,000 a few weeks ago but still, it is around my past prediction that price of Bitcoin will end up sideways at around $18,000 - $25,000 this year. For November, I expect a bit of an increase on it's price.
We will know whether it’s bull or bear this Wednesday when the fed releases it’s rate hike and statement.
If they are dovish then the markets will all rally and most likely we all bottomed. However if all this rumor about a pivot were false then there will be a nasty crash down.
Then there is the employment numbers out this Friday. So it will be a very busy week.
If they are dovish then the markets will all rally and most likely we all bottomed. However if all this rumor about a pivot were false then there will be a nasty crash down.
Then there is the employment numbers out this Friday. So it will be a very busy week.
The bearish market will continue in this month of November to allow those that missed the opportunity to buy in this new month and hold, because there is no sign that the price of Bitcoin will increase higher for investors and traders to experience bullish market in this month of November. I think, the price of Bitcoin will definitely increase higher in the month of December to allow those that invested in Bitcoin some months ago to have something good to achieve from their investments. Many investors will have a lot to embrace in the future when the price of Bitcoin hit $50,000 before the end of this year 2022
We're in the green so far for the past month, I'd assume we'd continue at this snail's pace for the next month as well with no big breakthroughs imo. It may gradually increase its pace as the end of the year ends though, so we might see better gains at the latter end instead of the start. The top by the end of the month would probably stop at around $23k or so, and at the end of the year around $26k, $27k. On another hand, even if we did go down from here, I don't think we'd go lower than the lows we've had the past few months.
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.
Of course, this is me, a bias and optimist about the rewards and results.
But let us continue our monthly fun. Would the price of bitcoin increase or decrease in November?
Honestly I'm still expecting a bull this November on Bitcoin and all cryptocurrencies on the market. But I still have a hard time knowing whether it will happen within this month, because considering last year the conditions were very different from November this year, so I don't see November last year as a reference for market conditions in November this year.I just want to hope that the Bull can happen this month so that everyone can get the benefits to enjoy after December is over, because the new year is always fun at night and everyone will be very happy if they enjoy the new year with the profits they get from market.
I am going to foolishly say we are going to have a bearish November. I don’t have any real reason, except that October felt too bullish to me. I think the next jump in price is going to be from FTX releasing a stablecoin, but I think expecting that to happen within the next 30 days is a bit optimistic. I’m overall bullish, but I think there’s a good chance the price could be lower in 30 days.
Maybe because I've already bought some which made me a bit optimistic as well. But seeing there is a bit of a green market in different DEXes that I have been I think it simulates the last bull market back in 2021 and the price of BTC had been very stable for a few months.
In the back of my mind, I'm also doubting since the report I've seen recently was that miners are still selling heavily to cover their expenses, and miners in China sell all the time since they get almost free energy.
I am going to foolishly say we are going to have a bearish November. I don’t have any real reason, except that October felt too bullish to me. I think the next jump in price is going to be from FTX releasing a stablecoin, but I think expecting that to happen within the next 30 days is a bit optimistic. I’m overall bullish, but I think there’s a good chance the price could be lower in 30 days.
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