This time BTC will definitely reach 80k; institutions only started buying at 27%. Reaching 80k is a breeze. For those who haven't entered yet, you can gradually start buying now. It must reach 80k by November 10th. Let's wait and see. $BTC

Bitcoin may experience a surge in November.

Recently, the Bitcoin market has shown a remarkable positive trend, with many analysts and market participants predicting that Bitcoin is likely to experience a surge in November. This prediction is not unfounded, but rather based on a series of trading data and market analysis.

From the trading data, Bitcoin has indeed shown strong upward momentum recently. As of a certain point in time, Bitcoin's trading price has stabilized above $67,000, and its market value has even surpassed $130 billion. Over the past few months, Bitcoin's price has displayed a steady upward trend, especially after experiencing a sluggish market in 2022. In 2023, Bitcoin's price rebounded by 130% and reached a historic high of $73,750.07 in March 2024. Although the price has since corrected, the overall upward trend remains unchanged.

Additionally, from the perspective of market sentiment and technical indicators, Bitcoin also shows a bullish trend. Regarding market sentiment, investor confidence in Bitcoin is gradually recovering, with more and more people starting to be optimistic about Bitcoin's future trajectory. In terms of technical indicators, Bitcoin's price chart shows a bullish reversal pattern known as a 'rounded bottom,' which is often interpreted as the bottom of a downtrend, indicating the arrival of a new upward trend.

Meanwhile, the U.S. presidential election will also become one of the important factors influencing Bitcoin's price. Some analysts predict that if Trump wins the U.S. presidential election in November, Bitcoin's price could potentially soar to $92,000. Trump's supportive stance on cryptocurrencies, as well as his commitment to include Bitcoin in the U.S. strategic reserve assets if he returns to the White House, undoubtedly injects new excitement into the Bitcoin market.