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Bitcoin misses price targets in November - this is how it could go on for the price!



Bitcoin missed the price targets for the end of November that we also mentioned. The course is currently seeing strong consolidation below the $ 55,000 mark. What price targets can we now expect for December and January? When could the peak of the bull market come?

Bitcoin price missed surge to over $ 70,000 in November

At the beginning of November, it looked like Bitcoin could already crack $ 70,000 and move towards $ 100,000 by the end of the month. However, these course targets were not met. The Bitcoin price first fell from $ 68,000 below 60,000 and then experienced another drop on "Black Friday" to below $ 54,000.

The sharp correction came unexpectedly, although some analysts had even predicted a drop of $ 53,000. However, the crash on Black Friday was suddenly triggered by negative news about a new Corona variant. Since then, the Bitcoin price has been moving sideways.

Extended Bitcoin cycle in 2021/22?

Most analysts assumed that the Bitcoin price should peak in December 2021 or early January 2022. But the big correction, which will now last until the end of November, is shaking the forecasts. It is now recognized that this 4-year cycle looks different this time from 2013 and 2017.

Often there are critical voices who think that the top of the Bitcoin price has already been reached and that we are moving towards the bear market. However, this scenario is still very unlikely. In every long Bitcoin rally, there have been 2 peaks in the course of the course so far. Accordingly, a second increase is still pending. In addition, the fundamentals continue to look positive.

Does the peak come in spring?

Due to the extended cycle, the Bitcoin peak could shift to next spring. Accordingly, the price could rise in December, but not yet exceed $ 100,000. The Bitcoin would only reach its peak in February or March, which is similar to the peaks from the end of 2013 and 2017.

The height of the peak could remain speculative. The predictions range from $ 90,000 to $ 280,000. Overall, it will be exciting to see how this Bitcoin cycle ultimately develops so that we can learn for the future.

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