Bitcoin may become the turning point in the market in November, with the low point of the bull run being $98,900.



According to PANews, Delphi Digital market analysts pointed out that historical data of Bitcoin shows that November is often a turning point in market structure. In a bull run cycle, the first week of November often sees a low point, followed by a rebound of 32.9%. In a bear market or transitional phase, the lows are often at the end of the month, with an average decline of 8.2%.
If the bull run pattern continues, $98,900 may be the low point for this month, and higher lows need to be confirmed to maintain the upward trend. If Bitcoin continues to make new lows, November may exhibit bearish characteristics, possibly related to liquidity pressures and market uncertainty. The EMA indicator shows that a bearish crossover may occur around mid-November, and the risk of prices dropping further should be monitored. #比特币价格分析
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