Delphi Digital analysts suggest that November could be a pivotal month for Bitcoin, based on historical trends. In previous bull cycles, Bitcoin has typically reached a low in early November, followed by a significant rise of 32.9%. Conversely, in bear or transition cycles, lows have occurred at the end of the month, leading to an average decline of 8.2%. If the current bull trend persists, Bitcoin's low this month could be around $98,900, with higher lows needed to confirm further upward momentum. However, a new all-time low might indicate bearish conditions, exacerbated by liquidity pressures and market uncertainty. Additionally, the EMA indicator points to a potential bearish crossover in mid-November, suggesting further downside risks.