Bitcoin Ends October in Red, Eyes Historic November Gains
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Bitcoin has typically recorded its strongest month for gains in November, and there are certainly macro tailwinds to make it happen again.
Bitcoin has stepped into its historically most significant month for gains — November — with an average increase of 42.51% since 2013 — meaning Bitcoin could surpass $160,000 this month if history rhymes.
However, a crypto analyst noted that several macroeconomic factors are also at play.
“I do think seasonal charts matter a lot, but it has to be combined with a lot of other factors,” said crypto analyst Markus Thielen from 10x Research.
Looking ahead, there is an expectation that the US Fed will further lower interest rates, and the US and China are working on a trade deal; both developments could be favorable for Bitcoin. However, the government shutdown and US tariffs continue to add to economic uncertainty.
Here’s a breakdown of some key developments to keep your eye on in the weeks ahead.
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