The numbers speak for themselves. Before going any further, it is important to recall one of the most common and repeated warnings in investing: “past performance is no guarantee of future performance”. In other words, the years follow each other, but are not necessarily the same and this is valid in cryptocurrency as in all areas. That being said, it should still be noted that certain recurrences are observable on the market and in particular a form of cyclicality in the behavior of the price of Bitcoin.
For months we have been announcing a bullish phase, it is clear that it has indeed occurred and that a bull run is taking shape. We can therefore reasonably draw inspiration from the past to statistically anticipate the future, and with regard to Bitcoin, the projections are definitely bullish with the $100,000 in the sights from November. Let’s see together why.
- Bitcoin recently began a significant rise, reaching nearly $93,000 in November, with optimistic projections surpassing $100,000 before the end of the month.
- Factors such as falling interest rates, halving and a pro-crypto US administration could propel Bitcoin to historic highs, although volatility risks persist.
The month of November is historically very positive for Bitcoin with +45% on average
The first index that pushes analysts from Bitget Research to think that Bitcoin could cross the 100 000 dollars before the end of November is the chart of Bitcoin’s performance over the months and years. Indeed, as we can see in the document below, on average, for the month of November, Bitcoin prints a + 45.41%. However, it started the month at around $70,000 and reached $91,500 on November 14, which is an increase of around 30% over these first two weeks.
If we start from the principle that there remains margin and that it will achieve this 45% monthly increase, this brings us around 101 000 dollars and will therefore allow us to cross this psychological barrier important and finally have a six-figure Bitcoin.
Let’s now look at the other reasons that lead some observers to think that the sudden increase initiated at the time of the election of Donald Trump will not be the only one of the month and let’s start precisely with the arrival of a new, openly pro-crypto administration in the country. White House.
Trump, the rate cut and the halving will propel BTC to more than $100,000 for these experts
We are not going to repeat everything you have already heard and read numerous times in recent days on the declarations bullish each other of the future government team of Donald Trump. Strategic reserve, relaxed regulation, change of direction at the head of the SEC, the stars are aligning for the American crypto industry and it seems that the market is already pricer these events. This could confirm thebullish impulse in progress that might have enough strength to cross the 100k in the coming days or weeks.
Furthermore, let us recall that historically the halving always triggered a bull run and you would have to be particularly pessimistic to say that this cycle will be different! Finally, even if the recent announcements of the Federal Reserve are going exactly in the right direction with a limited reduction in key rates, the economy remains favorable to risk assets including Bitcoin is (still) part.
This is why many observers expect to see Bitcoin at more than $100,000 before the end of the month, but nothing guarantees it and it is not a question of mortgaging your house on the predictions of a few specialists, eh ? Finally, the only arguments that could cast doubt on this hypothesis would be excess leverage on the markets with LONG positions that are a little too large and a little too obvious. In these cases, we know how the market reacts and there could be a small crash in order to clean up and liquidate all the traders who are a little too greedy. To finally only reach the fateful 100,000 mark in December? Or in January? Play your games… nothing is going well.
