As of mid-November 2023, experts predict interesting prospects for Bitcoin. Let's look at several points of view:
1. A typical November for Bitcoin:
- Over the past 12 years, Bitcoin has spent the last month of autumn falling only 5 times.
- Between 2012 and 2017, Bitcoin showed growth every year, which is the best result on record.
- The history of Bitcoin's behavior by month indicates the likelihood of the coin growing at the end of autumn.
2. Technical analysis:
- November 2023 falls 166-136 days before the halving.
- In the cycle after the Bitcoin halving in 2016, the coin spent the designated time period mainly in a sideways movement, and then went up.
- Consolidation is now taking place, and the nature of this consolidation indicates continued positive sentiment.
- According to the forecast of financial analyst of the Finmir marketplace Pavel Sokol, Bitcoin may test recent highs and go higher. However, after this there is a risk of a correction with a likely descent to $27,000.
3. Price forecasts:
- Some forecasts suggest that the Bitcoin price for November 2023 will be around $34,433.58, with a maximum value of around $35,094.66 per coin and a minimum of $33,936.22.
- However, other experts are more optimistic: the founder and CEO of WAYMORR predicts growth to $41,000, and StormGain cryptocurrency exchange expert Dmitry Noskov even claims a possible growth to $45,000.
It is important to remember that the cryptocurrency market is subject to significant fluctuations, and forecasts always involve risks. Please follow the latest news and updates for a more accurate assessment of Bitcoin's prospects.