Bitcoin faces key challenges in November as CPI and FOMC events approach

As Bitcoin retests $111,000, market sentiment is shifting toward neutrality. However, macroeconomic uncertainties and inflation pressures remain a concern for price stability as short-sellers are squeezed.

Reports suggest that whales are preparing for a bullish phase, suggesting possible upward momentum for Bitcoin. Demand from spot transactions is increasing, but the overall market remains unpredictable ahead of major economic releases.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts