Bitcoin Worst November in Years Sets the Stage for a Strong 2026

This month, Bitcoin worst november has plummeted by almost 17%, making it the worst November in seven years. Traders are concerned about the decrease, but analysts believe it may pave the foundation for a huge recovery as we reach 2026.

According to Nick Ruck, research director at LVRG, the sharp loss is removing too much leverage and weak hands from the market, which typically occurs before a healthier bullish phase.

According to what Ruck told Cointelegraph, “November will end in the red, but this kind of capitulation usually opens up new opportunities.” “Players who were overleveraged and projects that weren’t going to last have mostly been cleared out, giving long-term buyers a chance to build up before what could be a good new year.”

Bitcoin Worst November since 2019

According to CoinGlass, Bitcoin is currently trading at $91,500, a 16.9% drop, marking its worst November performance since 2019, when it fell 17.3%.

The cryptocurrency market has previously experienced deeper November declines. Bitcoin plunged 36.5% in 2018 as part of a major bear market. Its last red November was in 2022, when it lost 16.2% due to the fallout from the FTX collapse.

November Usually Strengthens Bitcoin

Sumit Kapoor, a cryptocurrency educator, noted that November has usually been one of Bitcoin’s strongest months. However, with only a few days left in the month and a tranquil Thanksgiving weekend behind us, the cryptocurrency is expected to have its worst November since 2018.

Kapoor also noticed a pattern: when Bitcoin ends November in the red, December typically follows suit.

Analysts Still Expect Long-Term Growth

Despite the decline, experts believe Bitcoin’s long-term outlook remains positive.

Arctic Digital’s chief of research, Justin d’Anethan, noted that crypto-native investors typically rely on Bitcoin’s four-year cycle. Historically, this cycle has resulted in big rallies in October, November, and December.

But this time, the pattern changed.

D’Anethan argues that the early-2024 introduction of U.S. spot Bitcoin ETFs expedited the cycle and accelerated market activity.

“This cycle is different,” he said. “Institutional investors entered in a meaningful way, changing the timing and flow of Bitcoin’s price action.”

Key Monthly Close Levels to Watch

Technical analysts are closely watching Bitcoin’s monthly closing, since it might determine the next major move.

Analyst CrediBull Crypto identified two big resistance levels: $93,401 and $102,437.
A closing above $93,000 would be a positive sign for bulls, and a close above $102,000 would be “incredibly bullish,” albeit more likely for next month.

At the time of writing, Bitcoin was trading around $91,600, unable to break resistance slightly below $92,000.

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