Bitcoin is experiencing its weakest November since 2018, with prices down 20% this month, currently trading at $87,500. Analysts predict a local bottom could form this week, echoing patterns from previous bear markets. Historically, a "red" November has often led to a similar December, with past data showing muted gains in the final month of the year.
AI-based forecasts suggest Bitcoin's bottom is imminent, with a slow recovery expected through the end of 2025. Despite the current downturn, there is an 85% chance Bitcoin will finish the year higher than its current level, though external factors could influence this outcome. The market remains cautious, with historical parallels to 2015 offering some optimism for a potential rebound.
Bitcoin Poised for November Bottom Amid 20% Monthly Decline
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
