Nov. is when bitcoin analysts expect price movement to resemble previous cycles.
Bitcoin’s extended period of lateral price movement shares a striking resemblance with the patterns seen in the two previous Bitcoin market cycle s. Both of these cycle s experienced a pivotal shift in November, coinciding with a significant event: the halving. Market observers suggest that Bitcoin’s current lateral price action might transition to a bullish trajectory as early as November, mirroring the behavior observed in prior cycles leading up to the halving event. On the 10th of October, cryptocurrency analyst Miles Deutscher referenced a chart from CryptoCon, pointing out the similarity between recent Bitcoin patterns and those observed in previous market cycles. https://coinstats.app/coins/ BITCOIN / Deutscher commented, “This type of lateral price movement is characteristic of the period spanning from the second to the fourth quarter in pre-halving years.” He also noted that, historically, November 21st has served as a pivotal moment for Bitcoin...