Bitcoin ends October in red, but now enters its biggest month for gains - Story on CoinTelegraph

Bitcoin has stepped into its historically most significant month for gains — November — with an average increase of 42.51% since 2013 — meaning Bitcoin could surpass $160,000 this month if history rhymes. 

However, a crypto analyst noted that several macroeconomic factors are also at play. 

“I do think seasonal charts matter a lot, but it has to be combined with a lot of other factors,” said crypto analyst Markus Thielen from 10x Research. 

Looking ahead, there is an expectation that the US Fed will further lower interest rates, and the US and China are working on a trade deal; both developments could be favorable for Bitcoin. However, the government shutdown and US tariffs continue to add to economic uncertainty. 

Here’s a look at the key developments to watch in the coming weeks on CoinTelegraph: https://cointelegraph.com/news/bitcoin-closed-october-red-now-entering-november