Bitcoin's November Outlook: Stability and Optimism Expected

According to BlockBeats, SynFutures CEO Rachel Lin has expressed optimism about Bitcoin's future, suggesting that the decline in October may set the stage for the next bull market. Lin views this downturn as a midpoint in a larger cycle rather than an endpoint. Historical data supports this positive outlook, with Bitcoin's average return in the third quarter remaining positive at 6.05%. Notably, November has historically been one of Bitcoin's strongest months, with an average return of 42% over the past 12 years. Lin anticipates a period of stability and cautious optimism in November, predicting that Bitcoin may trade sideways at the beginning of the month as the market absorbs the content of the Federal Reserve's statements. However, a significant shift in policy tone could trigger a rebound. She also mentioned that if Bitcoin continues to follow its typical post-halving trajectory, it is possible for the cryptocurrency to reach $120,000 to $150,000 by the end of 2025. Lin cites solid fundamentals, including ETF fund flows and institutional custody solutions, as supporting factors for this potential growth.