BITCOIN PRICE FORECAST: BTC POPS ABOVE $82,000, SETTING NEW ALL-TIME HIGH
BITCOIN PRICE FORECAST: BTC POPS ABOVE $82,000, SETTING NEW ALL-TIME HIGH
Bitcoin hit a new all-time high of $82,471 on Monday, following a 17% rally last week.
US spot Bitcoin ETFs saw inflows of $1.61 billion after Trump’s victory and the Fed’s interest rate cut.
Bitcoin historically performs well in November, with an average monthly gain of 44.24%, the highest of any month.
The weekly chart suggests continued bullish momentum, although the daily chart indicates a potential short-term pullback.
The combination of strong price action and favorable market conditions points to ongoing strength for Bitcoin in the near term.
