In October 2020 Bitcoin (BTC) posted a new monthly all-time high, beating Dec 2017.
Since we've seen massive bull-runs before, it is entirely possible that BTC will keep on rising, but my expectation is as follows:
BTC will during November dip to 11,600-12,000 zone for additional liquidity and close the monthly candle around 13,500-14,000, and fly up in December.
There are many factors in play - such as the development of coronavirus situation worldwide, economic repercussions of the pandemic, November US presidential election, etc. so take any and all analysis with a grain of salt and trade the chart rather than the expectations.
For educational purposes only, not financial advice, don't risk what you can't afford to lose.
Since we've seen massive bull-runs before, it is entirely possible that BTC will keep on rising, but my expectation is as follows:
BTC will during November dip to 11,600-12,000 zone for additional liquidity and close the monthly candle around 13,500-14,000, and fly up in December.
There are many factors in play - such as the development of coronavirus situation worldwide, economic repercussions of the pandemic, November US presidential election, etc. so take any and all analysis with a grain of salt and trade the chart rather than the expectations.
For educational purposes only, not financial advice, don't risk what you can't afford to lose.