'Month of Rise' November…Will Bitcoin Surpass $160,000?

Attention is focused on whether Bitcoin can show strength in November after recording a 'red October' (a monthly decline in October) for the first time in seven years.

According to Cointelegraph on the 1st, Bitcoin has typically shown its strongest gains in November. Since 2013, the average November increase has reached 42.51%. If this trend repeats, some projections say Bitcoin could exceed $160,000 this month.

Marcus Tillen, an analyst at 10x Research, said, "Seasonal charts are important, but they must be considered alongside other factors," and noted that several macroeconomic trends should be watched in addition to seasonal factors. Currently, expectations for additional rate cuts by the US Federal Reserve (Fed) and moves toward easing US-China trade are being interpreted as positive signals.

The Fed recently cut its policy rate by 0.25 percentage points to the lowest level in three years, and will halt quantitative tightening (QT) starting December 1. Rate cuts and liquidity easing generally raise risk-asset appetite, which could be positive for Bitcoin.

Also, US President Donald Trump and Chinese President Xi Jinping recently agreed in talks on partial tariff reductions, crackdowns on fentanyl, the resumption of US soybean imports, and easing of rare-earth export restrictions. Trump described it as "an amazing conversation" and said, "a trade deal will be reached soon." However, experts analyzed that the meeting was only a "temporary truce."