Helloooo out there in the world of Bitcoin!
My name is Trevor bringing to you an update that I should have released earlier this month.
Terribly sorry I was not able to get this out quicker but we had a major family accident happen and the new Windows 11 updated botched my ability to take screenshots.
On that note, don't get Windows 11 yet! It causes more problems than it fixes right now.
Bitcoin's Historical Monthly Chart is now officially updated!
If this is your first time viewing this chart and need help understanding,
make sure to check out the article/video below that helps explain
Also, be sure to check back tomorrow for the updated December edition of this chart.
Now let's get into what we saw for the opening price in November!
I will make this quick since we are already at the end of the month here and normally I write these same day.
Beginning the month of November, Bitcoin's price opened at roughly $61,300 USD, one of Bitcoins most valuable ending months in its entire history.
If you remember from the October 1st update here that I was predicting 3 green months in a row to wrap up the year.
$61k USD is an extremely high price to beat posing a lot of upside difficulty and a huge risk of turning down instead.
For Bitcoin to continue its Bullish trend up to $100k, we desperately needed to see Bitcoin consolidate and find a new higher area of support.
Previous resistance really needs to flip to support if we don't see this month close in the green.
So while we may not be getting a green month in November.
At the very least, we might be getting humongous support that will act like a blastoff pad rounding out the end of December.
Now that we are almost to the 1st here, the support we needed appears to be coming in!
What do you think will happen to Bitcoin and the Crypto market next month?
Let us know in the comments below!
Thanks so much for stopping by to check out this month's update to the Bitcoin Historical Monthly Chart.
Don't forget to like, subscribe, or do what you have to do to stay tuned next time;
and I hope everyone has another BEAUTIFUL day in Crypto!
This is Trevor's signature 🦰
Check out the website