November Could Be Brutal for Bitcoin Price!

Bitcoin is fighting to remain above $80,000, but analyst CryptoCon believes November could bring another difficult phase for BTC. His concern comes from a recurring feature of previous Bitcoin cycles. In past bear-market years, November has often arrived close to the final leg of the decline. CryptoCon does not expect history to repeat perfectly, but his Magic Bands model currently places Bitcoin at a level where a deeper move would fit that broader cycle pattern. His first downside area is around $71,000. In a more bearish scenario , the model leaves room for Bitcoin to eventually return toward $52,000.