Urgent Warning: Bitcoin Could Plunge in November – Experts Point Out Dangerous Days!

Expert warns: Bitcoin could face “dark November”

Price pattern repeats over the years
Cryptocurrency analyst Timothy Peterson has just issued a warning on social media, saying that Bitcoin is at risk of a sharp decline in November, based on a price pattern similar to previous years.

He found that Bitcoin's recent four-month performance is 91%, 90%, 92%, and 82% similar to the 2011, 2014, 2018, and 2022 cycles .

“In most of these periods, Bitcoin suffered heavily in November,” Peterson emphasized.

November 8 – a worrying date
Peterson specifically warned about the period around November 8 , when Bitcoin often falls into the “30th percentile price path” area – that is, the price area is lower than the historical average.

He said the two weeks in mid-November were also the time when Bitcoin often encountered difficulties in the past four years.

According to Peterson, this is not a coincidence , but a “seasonal risk” that has repeated itself throughout market history.

Pressure from macroeconomic factors
Peterson said the downside risk comes not only from technical but also from macroeconomic factors .

“Mid-November is when companies announce third-quarter results and next year’s profit forecasts. When expectations are lowered, money often flows out of risk assets – and Bitcoin is affected,” he said.

The analyst recalls past shocks: “Crypto Winter 2018” began in November , the FTX crash occurred on November 8, 2022, and the Mt. Gox scandal also broke out in November 2013.

“The market is tense, the VIX is up and stocks are selling off – it looks like people are waiting for a sell signal,” he concluded.