CandleFocus

Bitcoin price prediction for November, according to BTC historical returns

Bitcoin (BTC) has surpassed the $70,000 resistance level and is trading at around $69,495. Historical data shows that November has been a strong month for Bitcoin, with an average gain of 42.78% and a median return of 7.12% since 2013. The best years for November were 2013, 2017, and 2020, with gains of 449.35%, 53.48%, and 42.95%, respectively. However, 2018 saw a negative return of -36.57%. Based on historical returns, BTC could potentially trade between $75,275 and $100,334 by the end of November if it maintains its momentum. It's important to note that Bitcoin's price is highly volatile and uncertain, so investors should consider multiple factors before making any financial decisions.

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