Bitcoin Closes Bullish by 37.4% in November, Analysts Expect Explosive Altseason to Commence

News

  • Bitcoin closes another consecutive month in bullish green. 
  • November sees 37.4% bullish green close for Bitcoin (BTC). 
  • This is the third month in a row and hints at altseason’s arrival.

As most analysts expected, the crypto market saw an epic bullish green close to the month of November. Overall, the sentiment for Q4 was already highly bullish where analysts were certain BTC price would set multiple new ATHs and would likely set a 6-digit ATH by the end of Q4. 

Bitcoin Closes November in Bullish Green

Despite these bullish expectations Bitcoin and the crypto market have exceeded expectations to set incredibly bullish closes to not only the Q4 months so far, but also since September. Indeed, the price of BTC closed in a bullish green sign of over 7% in September followed by a green bullish close of over 11% in October. 

This brings us to the latest close in the month of November where Bitcoin price closed in a bullish green percentage of 37.4%. Indeed, this is an extremely bullish sign and an incredible pump. To highlight, BTC’s price pumped from $73,000 to its current ATH of $99,655.50 during this time and analysts expect BTC price to soon hit and surpass the $100,000 price target. 

Bitcoin Sets 37.4% Bullish Green Close 

https://twitter.com/cryptorank_io/status/1863446214794006561

As we can see from the post above, Bitcoin (BTC) ended the first November of 2024 with a price increase of 37.4%, driven by Trump’s victory in the presidential election and bullish sentiment. Meanwhile, the S&P 500 gained 5.7% and multiple altcoins have followed BTC’s lead to pump between 50% to 200% in the month of November. 

https://twitter.com/RAFAELA_RIGO_/status/1863373599362424867

Many analysts now set the stage for explosive pumps ahead. As we can see from the post above, this analyst marks bullish signals in the 3 days, 5 days, weekly, 2 weeks, 3 weeks, monthly, and 2 months price charts. However, she also marks that the BTC dominance has closed bearish in a few charts hinging at the start of altseason.

The post Bitcoin Closes Bullish by 37.4% in November, Analysts Expect Explosive Altseason to Commence appeared first on Crypto News Land.

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