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Price analysis 11/1: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, LUNA
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Bitcoin (BTC) and Ether (ETH) had their highest monthly close ever in October, indicating strong momentum that favors buyers. The focus now shifts to November, which has largely been bullish for Bitcoin.
Since 2013, Bitcoin has closed November in the red on only two occasions, in 2018 and 2019. Another positive impetus for Bitcoin could be the tailwinds from the U.S. stock markets, which also have an enviable record in November.
The S&P 500 has recorded a median rise of 2% in November, the only month of the year to achieve such impressive median returns.
Data from Glassnode also shows that Bitcoin reserves on exchanges are at their lowest level in three years. The amount of Bitcoin held on the books of exchanges has dropped from 3.1 million
Read more on cointelegraph.comAbout this in other media
Dogecoin, Bitcoin Cash, SAND Price Analysis: 18 November ambcrypto.com /3 years ago
Cardano, XRP, EOS Price Analysis: 17 November ambcrypto.com /3 years ago
Price analysis 11/17: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX cointelegraph.com /3 years ago
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