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Bitcoin's performance in November was characterized by significant volatility, with the following key features and analysis:
- Significant drop at the beginning of the month: On the first day of November, the price of Bitcoin fell by 4.34%, reaching a low of $69,000, indicating the instability and volatility of the market.
- Technical analysis:
- The monthly chart shows that Bitcoin is still in a bullish pattern, indicating that the long-term trend is still upward.
- The daily and 4-hour charts show that the price has reached the bottom, and it is expected that the price will not fall further in the short term, but may instead experience a fluctuating upward trend.
- Market dynamics and expectations:
- The expectation of Trump's victory may lead to Bitcoin reaching $125,000 before the end of the year, which has increased the volatility of the market.
- Musk's support for Trump may further drive the price of Bitcoin, especially after the election results are announced.
- Macroeconomic impact:
- Changes in the Federal Reserve's monetary policy expectations and inflation indicators have a direct impact on the price of Bitcoin, and the market is closely monitoring the relevant economic data and policy dynamics.
In summary, the trend of Bitcoin in November was influenced by various factors, including macroeconomic data, market sentiment, and political events. Investors should fully understand the market risks when participating in Bitcoin trading and make decisions based on their own risk tolerance and investment objectives.
2024 Crypto Calendar for NovemberNovember 1: US - Unemployment RateNovember 1: US - Nonfarm Payroll DataNovember 1: $SUI - 11.8 million USD unlocked
November 2: $DOGE - Dogecoin Day 2024November 4: OKX - $SCR listing November 4: $SKY - Branding Refresh ($MKR) Governance VoteNovember 4: $ASTR - Shiden Async Support Upgrade Release
November 5: US - US Presidential ElectionNovember 5: $TIA - Ginger Upgrade on Testnet November 5: $PUPS - Token Swap Deadline
November 6: KR - Crypto Committee First MeetingNovember 6: Binance - $KP3R $UNFI Delisting November 6: Bybit - $SMILE Listing
November 7: US - Initial Jobless ClaimsNovember 7: Coinbase Int. - $NEIRO-perp ListingNovember 7: OKX - $VELA $KAN $WSM $BORING $CEEK $AVIVE DelitingNovember 7: Story Protocol - Final Stage Begins
November 8: US - Fed Interest Rate DecisionNovember 8: CN - 1.4T USD Fiscal Plan ReviewNovember 8: Coinbase - $DESO Delisting
November 11: $APT - 10.7 million USD UnlockedNovember 11: 0G - Node SaleNovember 11: $ZEN - Horizen 2.0 Upgrade, New $ZEN Token
November 12-15: Devcon 7November 13: US - CPINovember 13: $MPL - SYRUP Token Release November 14: US - PPI
November 15: HKEX - Crypto Index Launch
November 16: $ARB - 50 million USD UnlockedNovember 18: $AVAX - 44 million USD Unlocked
November 19: $ICP - Bitfinity L2 MainnetNovember 19: $POLYX - Polymesh V7
November 20: FTX - $175 million Settlement Hearing with Bybit
November 21: $ILV - Beyond Wave 3 ReleaseNovember 23: $ZEC - Halving
November 25: Bithumb - $RLY $XENT DelitingNovember 25: Linea - Linea Voyage Ends: The Surge Volt 6
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