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>>Bitcoin (BTC) analysis from Glassnode: This must occur to achieve new all‑time highs.

Bitcoin (BTC) analysis from Glassnode: This must occur to achieve new all‑time highs.

crypthub

about 14 hours ago

November Outlook

Bitcoin is nearing the end of November with the month poised to close in the red, mirroring October’s decline. This marks the worst monthly performance since 2019, yet analysts still see a potential reversal. The market’s focus now shifts to whether the price can stabilise before year‑end. A modest recovery could restore confidence after a prolonged downturn.

Key Resistance Levels

On‑chain analytics firm Glassnode identifies $93,000‑$96,000 as the critical short‑term resistance zone. Breaking this supply cluster is deemed essential for Bitcoin to pursue new all‑time highs. If the price clears $96,000, the next hurdle lies between $100,000 and $108,000, where recent buyers have concentrated. These thresholds serve as the primary gauges for momentum shifts.

Analyst Predictions

Both Glassnode and pseudonymous analyst CrediBull flag $93,401 and $102,437 as pivotal monthly close levels. A close above $93,000 signals a positive trend with a high likelihood, while surpassing $102,000 would indicate a strong bullish breakout. These targets guide expectations for the month’s final outcome. The forecasts are analytical, not investment advice.