What the positive case looks like Some analysts are still fairly bullish. For example, JPMorgan Chase & Co. reportedly sees Bitcoin hitting about $170,000 within the next ~6 months. From a seasonal/structural viewpoint: While October (“Uptober”) didn’t deliver its usual gains, there is literature suggesting November may historically be a stronger month for Bitcoin. For example, one study shows average gains in November though the median is much smaller (~8.8 %). On-chain and production-cost models suggest the long-term floor may be rising (i.e., large drop-risk might be less than in past cycles). For example, one article argues that the next cyclical low might be somewhere around the **$55,000–$70,000 ** range, which is well below current price — meaning upside potential remains. Technical action: Some analysts identify that if Bitcoin can break above resistance zones (e.g., ~$114k-$117k) it could open the door to further gains. What the negati...
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