Bitcoin decreased by 3.69% in October, a month that is usually favorable. Experts analyze possible developments for the month of November.

According to Coinglass data, Bitcoin ended October with a decrease of 3.69%, which particularly worries specialists, considering that, statistically, October is one of the best months for cryptocurrency, with an average increase of 20%. This is only the third time since 2013 that Bitcoin has recorded a loss in October, and experts are wondering how the market will evolve in the next month.

Analyst Nic Puckrin mentioned that in November, Bitcoin could have a mixed performance. History shows that after a loss of 12.9% in October 2014, Bitcoin increased by 12.8% in November, while in 2018, a decrease of 3.8% was followed by a loss of 36.5% in the following month. These data suggest uncertainties regarding the future direction of the cryptocurrency.