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Bitcoin: November might see 40% gains, but what next in the near term
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For a long time, Bitcoin’s price was attempting a move above the key $62,500 resistance level. However, BTC failed to gather strength as the larger price structure since 21 October moved sideways. At the time of writing, however, on the back of some recovery, the aforementioned levels had been breached, with BTC at $62,900.
Now, investors and traders are hyped up after a BTC hit an all-time high monthly close.
However, the FOMC meeting scheduled for 3 November has managed to keep market skepticism up. The last time the FOMC meeting took place, Bitcoin faced some choppy price action. For this reason, it can be anticipated that BTC might see more sideways action. Nonetheless, there are signs that could direct BTC’s momentum in the near
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