#btc
Today let's talk about Bitcoin, why I think it can rise to 80,000 in November?
First of all, everyone knows that regardless of whether the market is good or bad, Bitcoin often sees a rise in October and November. This year is particularly special, with the US elections approaching and a possibility of interest rate cuts; institutions are quietly accumulating coins, and the sound of dumping has significantly decreased.
Next, let's discuss the impact of policies and big figures. The US elections and interest rate cuts are both very favorable. Musk has even sided with Trump, saying that if Trump doesn’t get elected, he would rather give Starlink to Russia. This interest rate cut, while it doesn’t mean prices will rise tomorrow, will allow money to gradually flow into our sector.
From a technical perspective, Bitcoin is currently like it was a few days ago; it has dropped a bit in the short term, but in the long term, it is still rising. The volume isn't large, just a slow increase. So, when it drops, it's a good time for us to buy.
In terms of specific operations, I think buying long positions in the range of 67,000 to 67,500 is quite suitable; I personally plan to buy at 67,300.
I haven't mentioned Ethereum much lately, but when Bitcoin rises, it will definitely follow. However, Ethereum's price is still hovering around 2,500, and some people are eager to sell, so we'll just wait and see for the right timing to strike.
Overall, I believe it's not a dream for Bitcoin to reach 80,000 in November. Everyone should pay attention to the market and look for good buying opportunities.
Recently, I've been planning to ambush a potential coin that is ready to explode; doubling it should be quite simple. At the same time, I'm also looking for some potential coins to hold until the end of the year, expecting a space of more than 10 times is not a problem. If you want to keep up, leave a message, and I'll share it for free.
