Potential impact on Bitcoin's price
Experts have varying opinions on the potential impact on Bitcoin's price in November 2024. Here are some insights:
Bullish Predictions: Some analysts predict that Bitcoin could reach new highs, potentially surpassing $100,000 by early 2025. Factors such as rising BTC dominance, strong ETF inflows, and favorable market conditions are cited as reasons for this optimistic outlook2.
Bearish Predictions: On the other hand, some experts caution that Bitcoin could face volatility and potential drops if it falls below certain thresholds. For instance, if BTC drops below $70,000, it could fall to around $66,448.
