{"id":56172,"date":"2025-11-28T14:01:36","date_gmt":"2025-11-28T07:01:36","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-set-for-promising-new-year-as-it-faces-worst-november-in-7-years\/"},"modified":"2025-11-28T14:01:36","modified_gmt":"2025-11-28T07:01:36","slug":"bitcoin-set-for-promising-new-year-as-it-faces-worst-november-in-7-years","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/bitcoin-set-for-promising-new-year-as-it-faces-worst-november-in-7-years\/","title":{"rendered":"Bitcoin set for \u2018promising new year\u2019 as it faces worst November in 7 years"},"content":{"rendered":"
\n

Bitcoin is likely to close November at its worst loss since at least 2019, but analysts say it sets the cryptocurrency up for a good start to 2026 as some investors could buy back in.<\/p>\n

\u201cWhile November will be printing in the red for crypto, the capitulation signals an opportunity for smart investors to start buying back in,\u201d LVRG research director Nick Ruck told Cointelegraph.<\/p>\n

\u201cOverleveraged participants and unsustainable projects have been largely cleared out, which gives way for new long-term holders to scale in ahead of a promising new year.\u201d<\/p><\/blockquote>\n

Bitcoin (BTC<\/a>) is down nearly 16.9% so far this month as it trades around $91,500, nearing losses from November 2019, when it lost almost 17.3% over the month, according<\/a> to CoinGlass.<\/p>\n

Its worst November<\/a> to date was in 2018, when Bitcoin dumped 36.5% during the brutal bear market that followed the 2017 peak, but it last finished the month of November down in 2022<\/a>, shaving 16.2%.<\/p>\n

Bitcoin is on track to end November in the red. Source: <\/em>CoinGlass<\/em><\/a><\/figcaption><\/figure>\n

Long-term Bitcoin bullishness remains\u00a0<\/h2>\n

\u201cNormally, November is one of Bitcoin\u2019s strongest months,\u201d crypto educator Sumit Kapoor said<\/a> on Wednesday, but with just a few days left and a slow Thanksgiving weekend coming, \u201cit\u2019s on track to be the worst November since 2018.\u201d<\/p>\n

\u201cEvery time Bitcoin has had a red November, December has also ended red.\u201d<\/p><\/blockquote>\n

Justin d\u2019Anethan, head of research at private markets advisory firm Arctic Digital, told Cointelegraph that most crypto-native investors \u201care used to a somewhat predictable four-year cycle and, in the past, that\u2019s led to rallies going into year-end, with October, November and often December finishing in the green.\u201d<\/p>\n

He said the cycle was triggered early by the launches of spot Bitcoin exchange-traded funds in the US in early 2024.<\/p>\n

Related: <\/strong><\/em>Bitcoin sees \u2018significant step forward\u2019 as $97K BTC price targets return<\/strong><\/em><\/a><\/p>\n

\u201cI see this as positive, though: it hints at the ever so dangerous \u2018this time is different\u2019 as institutions finally came in a meaningful way, changing the pace, breadth and timing of crypto price action,\u201d he said.<\/p>\n

Monthly candle likely to hold above $93,000<\/h2>\n

Technical analysts have eyed Bitcoin closing at a monthly candle of $93,000, predicting another downside if it fails to sustain its momentum over the weekend.<\/p>\n

\u201cWith the monthly close approaching – I\u2019ve highlighted the two most relevant levels to watch at the close for this time frame – $93,401 and $102,437,\u201d analyst \u201cCrediBull Crypto\u201d said<\/a> on X.<\/p>\n

They said a close above $93,000 \u201cwould be a positive sign\u201d that is likely to happen, while a close above $102,000 \u201cwould be incredibly bullish, but I think we may need to wait until next month for that one.\u201d<\/p>\n

A higher low could keep the long-term uptrend intact. Source: <\/em>CrediBull Crypto<\/em><\/a><\/figcaption><\/figure>\n

BTC was changing hands for $91,600 at the time of writing, having traded flat over the last 24 hours and failing to break resistance just below $92,000 on Thursday.<\/p>\n

Magazine: <\/strong><\/em>Bitcoin $200K soon or 2029? Scott Bessent hangs at Bitcoin bar: Hodler\u2019s Digest<\/strong><\/em><\/a><\/p>\n