{"id":558626,"date":"2023-11-01T23:00:34","date_gmt":"2023-11-01T23:00:34","guid":{"rendered":"https:\/\/ktsl888.com\/?p=558626"},"modified":"2024-06-11T07:42:11","modified_gmt":"2024-06-11T07:42:11","slug":"bitcoin-btc-price-in-november","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-btc-price-in-november\/","title":{"rendered":"Bitcoin Ends October On A High Note, What To Expect For BTC Price In November"},"content":{"rendered":"

The month of October just drew to a close and Bitcoin and the rest of the crypto market<\/a> has ushered in the new month of November. With October proving to be an incredibly bullish month for Bitcoin with a green monthly close, eyes are now on the new month and what possibilities it could hold for the digital asset.<\/p>\n

October Was A Good Month For Bitcoin<\/h2>\n

Looking back to the month of October, it has been one of the best months so far for 2023. The price of BTC started out<\/a> at around $28,000 and closed out the month above $34,000. In total, the return for Bitcoin in the month of October was 28.5%.<\/p>\n

Related Reading: Cardano Bearish Signal: Dormant ADA Whales Are On The Move<\/a><\/div>\n

In comparison to the previous months, only one month has surpassed October<\/a> and that was the month of January. Bitcoin also benefited from a green price close in the month of September, albeit with meager gains of 3.99%.<\/p>\n

2023 has also turned out to be a year of good returns with six months out of the last 10 months closing in the green. The months of August, May, and July were the only months with significant losses of 11.2%, 7.1%, and 4.04%, respectively. While February closes out with small losses of -0.01%.<\/p>\n

\"Bitcoin<\/p>\n

BTC retraces after flash surge | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
How November Is Looking For BTC Price<\/h2>\n
The first day of November is already starting out with losses for the price of BTC<\/a> but it is still early for the digital asset to pick back up. Historically though, especially over the last five years, Bitcoin has recorded poor performance in the month of November.<\/p>\n
In 2022, the infamous FTX crash took the Bitcoin price from above $21,400 to below $16,000, and the month ended with 16.1% losses. The same was the case for the previous year in 2021 when the crypto bull market began to wind down. That month ended up with a red close of -7.12%.<\/p>\n
2020 was different in the fact that Bitcoin saw a 42.9% increase in November, which was the year the bull market began. But 2023 is more closely similar to the year 2019 because they\u2019re both the year before the Bitcoin halving takes place and November suffered losses in 2019.<\/p>\n
Related Reading: Shiba Inu Burn Rate Nosedives Following 7,700% Jump, What Happened?<\/a><\/div>\n
If Bitcoin keeps to the November trend similar to 2019, then it is possible that the digital asset will reverse its October gains this month. A 17% decline would mean a fall back to the $28,000 level, which would wipe around $6,000 off its current value.<\/p>\n
However, Bitcoin has been known to buck historical trends in various cases, so there could be a change in the trend. For example, in 2015, the year before the 2016 Bitcoin halving<\/a>, Bitcoin price saw a 19.8% increase by the time November was over. This shows that nothing is set in stone when it comes to Bitcoin.<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The month of October just drew to a close and Bitcoin and the rest of the crypto market has ushered in the new month of November. With October proving to be an incredibly bullish month for Bitcoin with a green monthly close, eyes are now on the new month and what possibilities it could hold for the digital asset. October Was A Good Month For Bitcoin Looking back to the month of October, it has been one of the best months so far for 2023. The price of BTC started out at around $28,000 and closed out the month above $34,000. In total, the return for Bitcoin in the month of October was 28.5%. Related Reading: Cardano Bearish Signal: Dormant ADA Whales Are On The Move In comparison to the previous months, only one month has surpassed October and that was the month of January. Bitcoin also benefited from a green price close in the month of September, albeit with meager gains of 3.99%. 2023 has also turned out to be a year of good returns with six months out of the last 10 months closing in the green. The months of August, May, and July were the only months with significant losses of 11.2%, 7.1%, and 4.04%, respectively. While February closes out with small losses of -0.01%. BTC retraces after flash surge | Source: BTCUSD on Tradingview.com How November Is Looking For BTC Price The first day of November is already starting out with losses for the price of BTC but it is still early for the digital asset to pick back up. Historically though, especially over the last five years, Bitcoin has recorded poor performance in the month of November. In 2022, the infamous FTX crash took the Bitcoin price from above $21,400 to below $16,000, and the month ended with 16.1% losses. The same was the case for the previous year in 2021 when the crypto bull market began to wind down. That month ended up with a red close of -7.12%. 2020 was different in the fact that Bitcoin saw a 42.9% increase in November, which was the year the bull market began. But 2023 is more closely similar to the year 2019 because they\u2019re both the year before the Bitcoin halving takes place and November suffered losses in 2019. Related Reading: Shiba Inu Burn Rate Nosedives Following 7,700% Jump, What Happened? If Bitcoin keeps to the November trend similar to 2019, then it is possible that the digital asset will reverse its October gains this month. A 17% decline would mean a fall back to the $28,000 level, which would wipe around $6,000 off its current value. However, Bitcoin has been known to buck historical trends in various cases, so there could be a change in the trend. For example, in 2015, the year before the 2016 Bitcoin halving, Bitcoin price saw a 19.8% increase by the time November was over. This shows that nothing is set in stone when it comes to Bitcoin. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":558644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,89767,679,1119,89185,1122,1144,78790],"class_list":["post-558626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-november","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Ends October On A High Note, What To Expect For BTC Price In November<\/title>\n<meta name=\"description\" content=\"The month of October just drew to a close and Bitcoin and the rest of the crypto 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Ends October On A High Note, What To Expect For BTC Price In November","url":"http:\/\/ktsl888.com\/news\/bitcoin-btc-price-in-november\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-btc-price-in-november\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/iStock-1314199360.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/iStock-1314199360.jpg?fit=1254%2C836"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin november","bitcoin price","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2023-11-01T23:00:34Z","datePublished":"2023-11-01T23:00:34Z","dateModified":"2024-06-11T07:42:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Ends October On A High Note, What To Expect For BTC Price In November\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-btc-price-in-november\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-btc-price-in-november\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/iStock-1314199360.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/iStock-1314199360.jpg?fit=1254%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin november\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-11-01T23:00:34Z\",\"datePublished\":\"2023-11-01T23:00:34Z\",\"dateModified\":\"2024-06-11T07:42:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/iStock-1314199360.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/558626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=558626"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/558626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/558644"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=558626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=558626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=558626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}