BTC in November: With +7% So Far, Is Bitcoin Primed for Bigger Gains?
- BTC has gained 7% in November; analysts predict a $100K post-Trump win.
- Increased stablecoin usage suggests the market is preparing for BTC volatility.
- Experts see BTC hitting $200K by mid-2025, boosted by institutional demand.
Bitcoin’s November performance has been strong historically, with an average gain of 43%. Currently, though, BTC stands at just a 7% increase, leaving plenty of room for potential growth. Following Donald Trump’s election victory, analysts predict this month could still see BTC surge toward $100,000.
The average #Bitcoin return in November is +43%.
Currently, we’re at +7%.
Time to catch up!🚀 pic.twitter.com/XM1F8R9o8w
— Crypto Rover (@rovercrc) November 7, 2024
The Road to $100K: Analysts Predict New Highs
Ryan Lee, a chief analyst at Bitget Research, believes Bitcoin may break the $100,000 mark in the coming months. High open interest in Bitcoin futures markets and a rise in stablecoin usage indicate that traders are bracing for greater price swings. These factors could push Bitcoin higher, especially if investors continue pouring into the market.
Fadi Aboualfa from Copper.co echoes this optimism. He links Trump’s win with a possible shift in U.S. policy that could benefit digital assets. By January’s inauguration, he suggests, Bitcoin could hit $100,000. With around 1.1 million Bitcoin held in ETFs, growing institutional interest may drive further gains, as historical data shows strong demand lifting prices.
On social media, analyst Gert van Lagen pointed out a recent BTC breakout from a consolidation pattern, known as the “Descending Broadening Wedge.” This technical pattern often signals explosive growth, potentially sending Bitcoin to $200,000 by May 2025. For van Lagen, Bitcoin has exited a key reaccumulation phase, a move that could open the door to parabolic gains.
Will Bitcoin Soar to $100,000 by Early Next Year?
In a recent video, crypto influencer Lark Davis shared his belief that BTC could reach $100,000 within 90 days. His prediction reflects Bitcoin’s recent jump to a new high of $77,000, which has sparked renewed excitement in the market.
Several signals—rising stablecoin dominance, growing institutional interest, and optimism around Trump’s policies—suggest BTC could be on the verge of another major rally. November has begun with promise, but questions remain about how far Bitcoin’s price might climb.
With the right momentum, this month could be another landmark period for Bitcoin, making the $100,000 target look increasingly achievable. Crypto investors are watching closely, hoping BTC has much more in store before the month is through.
