As October draws to a close, Uptober’s predictions have been partially met. Bitcoin (BTC) has almost reached an all-time high. Is there more potential ahead? With Bitcoin finding buyers above $72,000, almost all holders are benefiting, and there is no rapid decline in sight. Therefore, the strength of those who expect further increases should not be underestimated. What is the outlook for Bitcoin, Ethereum, and Dogecoin in November?
Insights into Ethereum and Bitcoin
In his latest review, Michael Pope notes that the daily bullish divergence is becoming clear on the Ethereum (ETH) chart. Yesterday’s labor data was very weak, which we previously wrote should have helped the rally. A few hours later, the expected bullish move began. With the worst jobs data in 3.5 years signaling the promise of further interest rate cuts, Pope expects Ethereum price increases to continue.
In the ETH BTC chart, the target points are 0.046 and 0.051 BTC, with a target of 0.06 BTC. Crypto Fella suggests that soon, cryptocurrency investors will witness the biggest rally ever.
“We are soon to witness the biggest rally of our lifetimes. Bitcoin dominance has been on an upward trend since August 2022. The final phase of this rally will be the craziest part.”
Titan of Crypto used Ichimoku Cloud in today's analysis.
“Bitcoin’s bullish momentum is back. From the perspective of the Ichimoku indicator, Bitcoin appears to be in an uptrend as it approaches the end of the year. The price is above all the lines and the cloud. The Kijun, Tenkan and cloud are all pointing up. The lagging time period is above and breaking the price.”
Dogecoin (DOGE) Target for November
Before the bullish momentum accelerated, we mentioned that sustained closes above $0.13 reflect stronger bullish sentiment. The simultaneous rise of a large market cap altcoin like DOGE alongside Bitcoin is positive for altcoins. Karl stated:
“DOGE still has room to grow! Target to exit this falling wedge is $0.22015.”
At the time of writing, DOGE was trading at $0.169. If it breaks $0.18 and returns to the support level, new highs will open the door above Karl’s target. Additionally, a surprise victory by Trump in the election would greatly boost bullish sentiment.