Bitcoin set for ‘promising new year’ as it faces worst November in 7 years
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Bitcoin is down nearly 17% this month and is tracking toward its worst November since at least 2019, but LVRG’s Nick Ruck says that sets it up for a good 2026.
Bitcoin is likely to close November at its worst loss since at least 2019, but analysts say it sets the cryptocurrency up for a good start to 2026 as some investors could buy back in.
“While November will be printing in the red for crypto, the capitulation signals an opportunity for smart investors to start buying back in,” LVRG research director Nick Ruck told Cointelegraph.
Bitcoin (BTC) is down nearly 16.9% so far this month as it trades around $91,500, nearing losses from November 2019, when it lost almost 17.3% over the month, according to CoinGlass.
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