Friendship and forgiveness in joyful #LoveMySelfie touches the heartSeasonality on Bitcoin's side in November. Photo source: Pixabay.
Regarding seasonality, November is considered a moderately successful month for BTC. Over the past 12 years, Bitcoin has ended the month on seven occasions with an average gain of 24%. In cases of decline, the average drop was 17%. After crossing the $34K mark, the early phase of the bull market began, according to Look Into Bitcoin. Pointsville founder Gabor Gurbach cited the increased presence of institutionalisation as the main driver of further growth.Trader Rekt Capital is not so optimistic. After halving, he expects consolidation in the range of $24K-$30K and only later an exit on the parabolic growth to the six-digit marks.
It is the 15th anniversary of the Bitcoin white paper. On 31 October 2008, a person under Satoshi Nakamoto’s pseudonym published the Bitcoin white paper. The nine-page technical document described the principle of operation of the peer-to-peer payment system, which later revolutionised the world of financial technology.
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