{"id":53984,"date":"2025-11-19T09:45:28","date_gmt":"2025-11-19T02:45:28","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoins-november-average-gains-based-on-skewed-numbers-analysts\/"},"modified":"2025-11-19T09:45:28","modified_gmt":"2025-11-19T02:45:28","slug":"bitcoins-november-average-gains-based-on-skewed-numbers-analysts","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/bitcoins-november-average-gains-based-on-skewed-numbers-analysts\/","title":{"rendered":"Bitcoin\u2019s November average gains based on \u2018skewed\u2019 numbers: Analysts"},"content":{"rendered":"
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Analysts have questioned whether November deserves its reputation as Bitcoin\u2019s historically \u201cstrongest month\u201d after the cryptocurrency dropped 10% over the past seven days and briefly sank below $90,000.<\/p>\n

\u201cHistorical averages suggest strength, but those numbers are skewed and the current backdrop is anything but normal,\u201d James Harris, the CEO of crypto yield provider Tesseract, told Cointelegraph.<\/p>\n

Harris said that while the break below the long-term average is noteworthy, it is \u201cnot the full picture.\u201d<\/p>\n

Bitcoin (BTC<\/a>) is down 15.37% since the start of the month and is on track for its worst November since 2019, when it closed the month down 17.27%, according<\/a> to CoinGlass.\u00a0<\/p>\n

\"Cryptocurrencies,
Bitcoin ended 3.69% down in October. Source: <\/em>CoinGlass<\/em><\/a><\/figcaption><\/figure>\n

Bitcoin is trading up 1% over the past day at $93,290, climbing from a low of under $89,400, according<\/a> to CoinMarketCap.<\/p>\n

Harris said comparing the current market environment to previous years \u201cis not like-for-like,\u201d and noted that the US government shutdown had delayed key economic data for six weeks.\u00a0<\/p>\n

\u201cWhen it reopened, the backlog of information forced investors to reprice inflation and rate expectations almost overnight,\u201d he said.\u00a0<\/p>\n

Confidence among market participants in a Federal Reserve rate cut in December has also plummeted to 41%, according<\/a> to the CME FedWatch Tool.\u00a0<\/p>\n

New Bitcoin high by year-end possible, but unlikely<\/h2>\n

Harris said it\u2019s still possible for Bitcoin to reclaim momentum and push to new all-time highs before the end of the year, but he isn\u2019t betting on it.\u00a0<\/p>\n

\u201cIt is possible, but not something we are forecasting,\u201d he said.<\/p>\n

Bitcoin last reached an all-time high of $125,100 in early October, prompting traders to look toward November, historically its strongest month, for a potential continuation of the rally.\u00a0<\/p>\n

Bitcoin has seen an average return of 41.35% in November since 2013, a figure inflated by a 449% surge in 2013, which is about 277% higher than that year\u2019s second-strongest gaining month, March.<\/p>\n

Bitcoin showing \u201cearly signs of stabilization\u201d<\/h2>\n

Bitfinex analysts believe that the worst of Bitcoin\u2019s drawdown may be nearing an end.\u00a0<\/p>\n

Bitcoin is trading at $93,290 at the time of publication. Source: <\/em>CoinMarketCap<\/em><\/a><\/figcaption><\/figure>\n

\u201cIt feels like it is time for a local bottom to be established relatively soon,\u201d the analysts said in comments shared with Cointelegraph.\u00a0<\/p>\n

\u201cAcross multiple historical cycles, sustainable bottoms have only formed after short-term holders have capitulated into losses and not before,\u201d they added.<\/p>\n

Related: <\/strong><\/em>Bitcoin briefly erases 2025 gains as crypto bleeds over weekend<\/strong><\/em><\/a><\/p>\n

However, the November gains traders are hoping for may spill into December instead. The Bitfinex team said that selling pressure is beginning to ease, with \u201cearly signs of stabilisation following one of the sharpest corrections of the cycle.\u201d<\/p>\n

Analysts at crypto payments firm B2BINPAY agreed that \u201ca durable recovery can form just as quickly.\u201d\u00a0<\/p>\n

\u201cThe first meaningful resistance is at the $97,000\u2013$100,000 band,\u201d they said. \u201cUntil BTC attempts to reclaim it, sentiment is highly likely to stay defensive.\u201d\u00a0<\/p>\n

Magazine: <\/strong><\/em>Crypto carnage \u2014 Is Bitcoin\u2019s 4-year cycle over? Trade Secrets<\/strong><\/em><\/a><\/p>\n