Bitcoin Historically Strengthens in November

Although Bitcoin closed October with a decline, it entered November historically with the highest profit rates. According to analysts, this situation could create significant opportunities for investors.

Based on historical data, Bitcoin (BTC) has shown an average increase of %42.5 in November since 2013. If it performs similarly this year, the price is likely to exceed the 160 thousand dollars level.

Analyst Markus Thielen emphasizes this situation by stating, “Seasonal charts are important, but they are not sufficient on their own; they need to be read alongside other economic factors.” In addition to seasonal factors, macroeconomic developments could also contribute to Bitcoin’s rise. In particular, if the U.S. Federal Reserve (Fed) continues to cut interest rates and there is an improvement in U.S.-China trade talks, a strong momentum may be achieved in the crypto markets.

The trade talks between the U.S. and China could positively impact the crypto markets. In a meeting between U.S. President Donald Trump and Chinese President Xi Jinping, positive steps were recorded to reduce trade tensions between the two countries. Trump promised to lift restrictions on China's rare earth exports and to resume soybean purchases. However, this development is seen by most experts as just a “temporary pause.”

On the other hand, Fed officials recently lowered policy interest rates to their lowest level in three years. Market data indicates that the likelihood of an interest rate cut could reach %63 by December. Fed Chairman Jerome Powell, however, stated that “this decision is not certain,” attempting to balance the situation. Additionally, the fact that the Fed will stop monetary tightening on December 1 means more liquidity will enter the market. This situation is generally seen as a positive sign for the crypto market as it usually increases the demand for risky assets.

As a result, November is considered a critical period for investors. In particular, prices above the 160 thousand dollars level and macroeconomic developments present excellent opportunities that should be monitored despite uncertainties in the markets. Investors are advised to keep a close eye on developments during this period.