November Bitcoin Return Averages Over 40% How Much Can BTC Rise This Month?

Bitcoin might achieve astonishing new ATHs this month if history repeats.

BTC trades over $71,000.

Statistics from 2013 to the present demonstrate that Bitcoin has done well in November. BTC may reach new highs this month if its rise continues.

November Bitcoin Return Averages 40%+
Crypto Rover, a crypto YouTuber and creator of CryptoSea trading solutions, said that the average Bitcoin return in November is above 42% since 2013.

He predicted on X that BTC may hit $100,000 by November if history repeats itself.

In November 2013, BTC rose more than 449%, according to previous statistics. BTC gained 53% in 2017 and 42% in 2020 in November, according to more current statistics.

Besides 2018, 2019, 2021, and 2022, BTC witnessed strong price rises in November, earning the nickname “Moonvember.”

This year, BTC started the month with a minor price dip due to several circumstances, but October's trend suggests otherwise.

In October, BTC dropped below $60,000, but by the end of the month, it had risen over 10% to $73,500.

Recent Bitcoin Price Trend
After completing October in the green, BTC dropped below $69,000 for several reasons. Iran is going to strike Israel from Iraq, according to reports yesterday.

Microsoft and Meta reported weaker-than-expected earnings yesterday, yet their shares dropped due to increased AI costs, crashing the market.

The US Core PCE was 2.7% YoY compared to predictions of 2.6%, which might impact the Fed's rate reduction choices.

US unemployment was 4.1%, as expected and previously 4.1%.

However, Bitcoin's price rose past $71,000 today after touching $69,000 earlier.

BTC is soaring over $71,000 after shaking away panic sellers.

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