to November Bitcoin 
$69,491 He didn’t make that good of an entrance. Uptober didn’t quite deliver what was expected either. The problem is that for the next 7 days crypto coins We’re going to see a lot of big events that put pressure on us. So what is the analysts’ assessment today? Will the expected rise for Bitcoin and altcoins begin?
November Agenda in Cryptocurrencies
Bitcoin It lingers at $69,460. The US elections will be held on November 5th and the Fed meeting will be held 2 days after that. Employment is not that bad and inflation is at reasonable levels. However, since the Fed started reductions with 50bp, it may signal a pause to balance the markets in light of the latest data. This is not good for cryptocurrencies.
The US Presidential election results will be announced on November 5. With only a few hours left, Trump or Harris will be the winner. If Harris wins, it’s probably Biden’s crypto- We will see a presidency similar to his stance on money. It’s frustrating that Kamala doesn’t care much about crypto and avoids making any promises in that direction.
However, Trump announced that he would do his best for cryptocurrencies and even launched his own DeFi platform.
Cryptocurrency Expert Comments
Titan of Crypto is pleased with the clearing of its four-month bearish move in recent days. It points to $71,300 as the key level. Many cryptocurrency analysts have repeatedly mentioned that $71,500 is the key level for further upside.
“The October candle close erased four months of downward price movement in one fell swoop. This indicates a serious increase. Cloud is also showing bullish signs. The next key level: $71,300. BTC “It looks set to exceed this level in November.”
Crypto Fella is the second analyst and he is also waiting for the elections. Once the elections are completed on November 5, the analyst believes volumes will increase significantly. Carl, on the other hand, implies that the BTC price, which has escaped from the descending channel, should now reassure investors.
“Bitcoin not only broke out of this Descending Channel, but also closed the highest monthly candle ever!”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
