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10x Research Analysts Make Bitcoin Price Forecast for November

10x Research Analysts Make Bitcoin Price Forecast for November

HappyCoinNews2024/11/02 11:00
By: HappyCoinNews
BTC-0.37%

The Bitcoin rate ended October with a 13% increase, and experts are already making predictions about what the asset's price dynamics will be in November.

Representatives of the company 10x Research believe that Bitcoin could reach a new all-time high after the US presidential election.

According to experts, market trends indicate that the upward trend of the first cryptocurrency may continue for at least three months, and next year BTC will come close to $100.

Their point of view is supported by Glassnode analysts, who noted that the Pi Cycle Top indicator, which determines the potential price maximum, points to an increase in quotes this month.

Crypto trader and founder of MN Trading Michael van de Poppe believes that Bitcoin will surpass the $80 mark by the end of November and continue to grow in December and January of next year.

10x Research Analysts Make Bitcoin Price Forecast for November image 0

In his opinion, the inflow of funds into spot bitcoin ETF supports the bullish trend of the first cryptocurrency, and whoever becomes the head of the White House, Bitcoin it will still go up in price.

10x Research is of the opinion that if the Relative Strength Index (RSI) continues its positive trend, there can be no doubt that Bitcoin will reach new heights.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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