What’s Next for Bitcoin’s Price: Sub-$100K Dump or Launchpad in Disguise?

The promise of a bullish October materialized only in the first week, when bitcoin skyrocketed to a new all-time high of over $126,000. What followed was an extremely painful month, in which it slumped by twenty grand before it staged some sort of recovery.

In contrast, the expectations for November, based on historical performance, have been quite bearish, and so far, they have come to fruition. BTC dumped to a multi-month low earlier today of just over $103,500, which meant a nearly $23,000 decline since the ATH marked less than a month ago.