Bitcoin Hits New High and Then Drops in October
Bitcoin reached a record high over $126,000 in October. Later, it had its first negative monthly close since 2018. This is a historic moment for the cryptocurrency.
Current Market Situation
Bitcoin is now trading below $110,000. Momentum indicators are showing signs of weakness. Traders are focusing on $103,500 as key support.
What to Expect in November
Investors watch closely to see if Bitcoin will rise to $118,000. Alternatively, there is concern about a possible crash like the 36% drop in 2018.
