🟡Bitcoin enters November — historically its strongest month — with an average 42% gain since 2013, theoretically putting the asset on track for a potential move toward $160,000. However, analysts caution that seasonal trends alone may not dictate the outcome this time. Broader macroeconomic forces, including decisions by the U.S. Federal Reserve and ongoing geopolitical shifts, remain key drivers.
🟡Easing trade tensions between the U.S. and China, combined with expectations of Fed rate cuts, have created a supportive backdrop for risk assets. Yet, the ongoing U.S. government shutdown has added uncertainty, stalling crypto-related legislation and delaying ETF approvals. As a result, November could prove to be a pivotal month for Bitcoin — one that defines whether the next leg is an acceleration or a stress test for the market’s resilience.