In November, the price of Bitcoin (BTC) fell by 20% and is expected to bottom out "this week."

CN
7 hours ago

Bitcoin (BTC) is heading towards its worst November since 2018, but a new prediction suggests that Bitcoin prices will hit a bottom this week.

Key Points:

Bitcoin is heading towards its weakest November performance since the 2018 bear market.

Historically, December tends to follow a "red" November with similar price movements.

AI predicts that BTC/USD will form a local bottom this week.

Before the monthly close in November, Bitcoin remains in a bear market range, with a maximum drawdown of 36% compared to the historical high set in October.

Monitoring resource CoinGlass shows that Bitcoin is still down 20% this month at $87,500.

CoinGlass confirms that such a bearish performance has not been seen on the charts since 2018; that year followed another bull market peak at $20,000.

Sumit Kapoor, founder of the crypto trading community WiseAdvice, commented on this data on X, stating, "Every time Bitcoin has a 'red' November, December also ends in 'red.'"

Since 2013, the average increase for BTC/USD in November has been over 40%, while December has been more subdued, averaging a 5% increase.

Regarding the seasonality of Bitcoin prices, network economist Timothy Peterson shared a more optimistic view on how Bitcoin might close out 2025.

A dedicated AI prediction tool indicates that Bitcoin's latest phase bottom has either already occurred or will occur this week.

He stated on X on Monday, "AI-driven Bitcoin simulations estimate that the bottom has either occurred or will occur this week, followed by a slow recovery until the end of the year."

He noted that the model does not account for external volatility catalysts, such as macroeconomic events.

Previous research has overlaid this year's Bitcoin price movements with those of 2015, similarly suggesting a significant rebound may occur before the end of the year.

However, Peterson described this concept as "hope."

Want some hopium? Bitcoin was at this exact same point at this exact same time in 2015. It then shot up 45% and finished the year up 33%. pic.twitter.com/dTC53llkYX

Related: Chainlink Founder: The Adoption Rate of DeFi Has Reached 30%

Original: “Bitcoin (BTC) Price Drops 20% in November, Expected to Hit Bottom This Week”

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