Bitcoin is likely to end November with its worst losses since at least 2019, but analysts say the potential for some investors to buy back could give Bitcoin a good start heading into 2026.
“The crypto market will be in the red in November, but this capitulation signals an opportunity for smart investors to start buying back,” LVRG research director Nick Luck told Cointelegraph.
“Overleveraged participants and unsustainable projects have been largely wiped out, giving new long-term holders a path to scale ahead of a promising new year.”
According to Coinglass, Bitcoin (BTC) is down about 16.9% so far this month, trading at around $91,500, nearing losses from November 2019, when it fell about 17.3% for the month.
The worst November ever was in 2018, when Bitcoin fell 36.5% in a brutal bear market after its peak in 2017, but the last November it ended was in 2022, when it fell 16.2%.
Bitcoin is expected to fall into the red at the end of November. sauce: coin glass
Bitcoin’s long-term bullishness continues
“November is typically one of the strongest months for Bitcoin,” crypto educator Sumit Kapur said on Wednesday, but with just a few days left and a slow Thanksgiving weekend, “this is shaping up to be the worst November since 2018.”
“Every time Bitcoin ends red in November, so does December.”
Justin Danesan, head of research at private market advisory firm Arctic Digital, told Cointelegraph that most crypto-native investors are “used to somewhat predictable four-year cycles, which in the past has often led to rebounds toward the end of the year, with October, November, and December ending in the green.”
He said the cycle was triggered early with the launch of a spot Bitcoin exchange-traded fund in the US in early 2024.
Related: $97,000 BTC price target back, sees Bitcoin as ‘huge step forward’
“However, I view this as a positive. It signals a ‘this time is different’ that has been very dangerous in the past, as financial institutions have finally emerged in a meaningful way and changed the pace, breadth and timing of cryptocurrency price action,” he said.
Monthly candlestick likely to exceed $93,000
Technical analysts are eyeing Bitcoin to end the month at $93,000, with further declines expected if it fails to maintain momentum over the weekend.
“As the monthly close approaches, we have highlighted the two most relevant levels to watch at the close of this time frame, $93,401 and $102,437,” analyst “CrediBull Crypto” said on X.
They said a close above $93,000 would be a “positive sign” and likely, while a close above $102,000 would be “incredibly bullish, but we may have to wait until next month for that.”
If the lows are higher, the long-term uptrend may be sustained. sauce: credible crypto
BTC is trading at $91,600 at the time of writing, trading sideways over the past 24 hours and failing to break out of resistance just below $92,000 on Thursday.
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