New Delhi: After an upswing October, bulls are now looking up to November for the next phase of the upward swing.
All crypto predictions change with time and this November can be the month that can take the King of the cryptocurrency Bitcoin near to the $100,000 mark or can make it dip to near $50,000.
Regardless of whatever happens next, investors are in a celebratory mood after booking the profits.
As per experts, BTC bulls are getting prepared for the solid month as November usually witnesses strong gains for the US stocks and the data shows that November has been the best performing month for the S&P 500 since 1985.
The price of BTC is up by 2% from yesterday and it has remained around the same price range over the past seven days.
Bitcoin saw a false breakout from the support price of $56,560, BTC wasn’t able to keep the uptrend and fixed around $62,000. This decline may continue as the buyers don’t look interested right now.
In this scenario, if the bears will be able to break the support then the decline can lead BTC to the $53,000 mark by next week.
Cardano is also one of the main losers from the list but it is 2% up from yesterday. ADA looked worse than BTC as it is coming back to the support to settle after a false breakout. A breakout of $1.822 can be seen as the bearish signal and get Cardano back to the $1.50 price mark soon.
On the other hand, Binance Coin went up by 8% and is about to break the price support of $509.70 as bulls are still out of power to maintain the rise. As per experts, it can be said that there can be a chance of seeing this continuous decline.
