Bitcoin may close November with its largest loss since 2019, but analysts say this sets the stage for a strong start in 2026, as some investors may re-enter the market.
“Although cryptocurrencies will show losses in November, the signals of capitulation provide smart investors with an opportunity to re-enter,” LVRG Research Director Nick Ruck told Cointelegraph.
Bitcoin has dropped nearly 16.9% so far this month, currently trading at around $91,500, close to the decline seen in November 2019, when it fell nearly 17.3%, according to CoinGlass.
The worst November on record occurred in 2018, when Bitcoin plummeted 36.5% during a brutal bear market following its 2017 peak; however, its last November close was in 2022, down 16.2%.
“Typically, November is one of Bitcoin's strongest months,” crypto educator Sumit Kapoor said on Wednesday, but with only a few days left and the slow Thanksgiving weekend approaching, “it is heading towards its worst November since 2018.”
Justin d’Anethan, head of research at private market consulting firm Arctic Digital, told Cointelegraph that most crypto-native investors are “used to a relatively predictable four-year cycle, which in the past has led to year-end rallies, with gains in October, November, and often December.”
He noted that this cycle has been triggered earlier due to the launch of a spot Bitcoin exchange-traded fund in the U.S. in early 2024.
“However, I think this is positive: it suggests that the highly risky ‘this time is different’ narrative is coming into play, as institutions are finally entering in a meaningful way, changing the rhythm, breadth, and timing of crypto price behavior,” he said.
Technical analysts are watching for Bitcoin to close the month above $93,000, predicting further downside if it fails to maintain momentum over the weekend.
“As the month-end close approaches—I’ve marked the two most relevant closing levels for this timeframe—$93,401 and $102,437,” analyst “CrediBull Crypto” stated on X.
He mentioned that closing above $93,000 “would be a positive signal” and is likely to happen; while closing above $102,000 “would be extremely bullish, but I think we may need to wait until next month.”
At the time of writing, BTC is trading at $91,600, flat over the past 24 hours, failing to break through the resistance level below $92,000 on Thursday.
Related: Analysis: Solana (SOL) price unlikely to break $150 temporarily
Original article: “Bitcoin (BTC) Faces Worst November in Seven Years, Yet New Year Outlook Remains Positive”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
