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#BitcoinPriceAnalysis
Red October: The first negative closing in seven years.
Bitcoin achieved a historic milestone twice in October: its all-time high above $126,000, followed by its first negative monthly close since 2018. With the price of Bitcoin stabilizing below $110,000 and momentum indicators shifting towards decline, traders are eyeing the support level at $103,500 as a critical point. We analyze whether November will see a rebound to a resistance level at $118,000 or a repeat of the violent 36% crash of 2018.