🚨Is Bitcoin’s Big November Rally All a Doozy?🚨

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So the Fed cuts rates again – yay! But guess what? Bitcoin throws a tantrum and drops nearly 4% over 24 hours. Surprise, surprise! Some analysts keep saying this week’s close is like the final exam for Bitcoin’s November rally. But really, who cares what analysts have to say? They don’t even have any morning walks.

Bitcoin Price Playing Cool at Crucial Close

On Thursday, Bitcoin was feeling all moody and dropped below the fancy $110,000 area, hitting a one-week low of $106,700. Remember when it was trying to act all chill within the $108,000-$120,000 range since July? Spoiler alert: It failed to reclaim those highs after its October tantrum. And what did everything hinge on? Ted Pillows says market volatility is expected after every Fed meeting. It’s like watching the same sitcom rerun, except with more money at stake.

Apparently, Bitcoin has fallen 6%-8% after the last three meetings. I guess it’s trying to find the highs like I try to find parking spots when I’m late – unsuccessfully.

Ted says Bitcoin dropped briefly only to soon hit new high notes. But, “warns,” Bitcoin must reclaim $113,500 soon or risk a bigger letdown. “A weekly close below that level will increase the likelihood of a bigger correction,” he says. Like I care. As if anyone’s life depends on this inexplicable number.

Then there’s Rekt Capital, apparently writing cryptographs, saying Bitcoin must close above $114,500. Apparently, it “would be perfectly fine” as long as it finishes above this level by Friday. Pricey stuff, huh?

Apparently, confirming the Range Low of ~$114k will usher in a re-entry into the Range, making me question: will this ever end? Because, just like my New Year’s resolutions, sure, it’ll “kickstart consolidation” and then what? A “move” towards $119,000 again?

Is Bitcoin’s End-Of-Year Rally Still A Fantasy?

Michaël van de Poppe says $112,000 is apparently another crucial checkpoint before Bitcoin hits a new all-time high. But get this – a rejection might send it toward $103,000 or lower. I can’t remember if I’m supposed to be afraid or impressed.

On the other hand, Daan Crypto Slots Crypto says Bitcoin is “just playing ping pong” with its levels. Yeah, great analogy – just leave it bouncing between numbers like those emails in my spam folder. Apparently, November is when Bitcoin supposedly shows its “best performance.” Like when I go to the gym in January, it’s all talk but no walk. Seems like a flimsy argument.

And just when you thought you understood it, he says the past bull runs and bear markets hit their rhythm in November and December. Maybe that explains why I always pack too many clothes for vacation. “Whether it’s on the bullish or bearish side, volatility and big market pivots are the theme,” he concludes, as if that doesn’t sound like every holiday season.

Bitcoin Chart

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2025-10-31 09:07