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3 Biggest Crypto Predictions for November 2022

All related to Crypto Market.
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3 Biggest Crypto Predictions for November 2022

In Brief
  • Crypto market sudden gains opened the doors for bullish speculations going into the month of November.
  • BTC price breaking above the $23,900 mark in November could aid the uptrend to the $30,000 resistance level.
  • The altcoin market cap seemed to be charting a recovery from the lower $900 billion mark.
As October reaches its end, the crypto market has managed to ignite hopes for investors and traders with some quick mid-week gains.

The global crypto market cap tested the $1 trillion mark on Oct. 26, with Bitcoin (BTC), Ethereum (ETH), and most altcoins noting record gains on their daily chart. The greens on the daily and weekly charts tempted investors to get back into the crypto market, spiking trade volumes and short liquidations.

Still, pretty much like everything else, the gains, rallies, and bullish sentiments were limited. The battered BTC price action soon fell prey to consolidation, and the rest of the market followed as the global crypto market cap dropped down to $990.39 billion at press time.

Bitcoin and the larger crypto market’s sudden gains opened the doors for bullish speculations going into the month of November. Here are the 3 biggest crypto predictions for November 2022, looking at the macro-movement of crypto assets:

Bitcoin Price to $30,000
The first crypto prediction for November 2022: Bitcoin price was down 70% from its November 2021 all-time high price of $69,000. After almost a year after BTC price made a new all-time high, many in the market expect price action to pick up again.

The recent gains 8% weekly gains freed BTC price action from the rangebound momentum it had moved in for almost a month. Data from Messari showed that BTC price was finally up by almost 16% from the June 2022 cycle low.

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