“Bitcoin is valued at approximately $87,000 on November 26. The price of Bitcoin fell sharply in November. However, experts believe that interest in cryptocurrency may recover in the near future. However, there is another version of the development of events. According to a specialist at Bitfinex, November is usually considered the most successful month for the main cryptocurrency, with an average return of 40.95%. However, from the beginning […]”, — write: businessua.com.ua
Bitcoin is valued at approximately $87,000 on November 26.
The price of Bitcoin fell sharply in November. However, experts believe that interest in cryptocurrency can recover soon. However, there is another version of the development of events.
According to a specialist at Bitfinex, November is usually considered the most successful month for the main cryptocurrency, with an average return of 40.95%. However, since the beginning of November of this year, the market value has fallen by more than 23%. October also ended with a decrease of 3.69%. As of November 26, Bitcoin is trading around $87,000.
Experts explained the decline as overheating of the market. Bitfinex emphasized that the market has two ways of development: significant revival of interest or transition to a long and deep accumulation phase.
Analyst and founder of MN Trading, Michael van de Poppe, called the current week crucial for digital gold. According to him, the return of the price of bitcoin to the range of $90,000-96,000 will significantly increase the opportunities for renewing the price highs.
Should you get rid of bitcoins? Despite the panic among traders, experts advise to refrain from mass sales of cryptocurrency. In January 2025, Bitcoin reached a peak of 113,000. After that, it dropped to 100,000 (in March), and then fell again – to 85 (in April). And all in order to rise again later, up to 128 thousand.
Now the situation has not changed. Experts expect further changes in the dynamics of the bat. At the same time, they indicate: the number of sellers who, against the background of the previous decline, began to sell their assets in bitcoin, has now significantly decreased. So, as the Informant wrote, the most likely forecast is a reversal to the rise.
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