Bitcoin’s Next Big Move? Analyst Predicts a Bullish Breakout by Mid-November

Bitcoin

Bitcoin’s Next Big Move? Analyst Predicts a Bullish Breakout by Mid-November

After reaching an unprecedented high above $126,000 earlier this year, Bitcoin’s momentum has cooled, and with it, much of the market’s confidence.

Key Takeaways:

  • Colin Talks Crypto believes multiple signals point to a bullish reversal for Bitcoin next month.
  • A crossover between the 50-day and 200-day moving averages could mark a local bottom.
  • Gold’s renewed strength and the Fed’s policy shift may reinforce Bitcoin’s rebound.

Traders are now watching closely as volatility and macro uncertainty return to the spotlight. Yet, beneath the surface, some technical watchers see an entirely different story taking shape.

Among them is Colin Talks Crypto, who argues that Bitcoin’s pullback may be less of a retreat and more of a reset. The analyst points to a combination of on-chain, technical, and macro signals that, taken together, could indicate the next upward phase is already forming — and it may begin around mid-November.

Reading Between the Lines of Bitcoin’s Chart

According to Colin, one key development to watch is the alignment of Bitcoin’s short- and long-term moving averages. He expects the 50-day line to soon intersect with the 200-day average — a classic technical signal often referred to as a “golden cross.”

Historically, these crossovers have occurred near market bottoms rather than tops, often setting the foundation for renewed rallies. “This setup has repeatedly marked accumulation zones,” the analyst explained in his recent commentary, suggesting that the timing could mirror similar turning points seen in prior bull cycles.

Gold May Be Whispering Bitcoin’s Next Move

Interestingly, Colin doesn’t base his forecast on charts alone. He also draws attention to the growing strength in gold prices, calling it a potential “leading indicator” for Bitcoin. When gold gains traction, he argues, Bitcoin tends to follow — not immediately, but with a measurable lag.

As investors rotate toward assets viewed as hedges against inflation and economic instability, both gold and Bitcoin often benefit. With gold’s rally gaining momentum this quarter, the analyst sees it as a hint that risk sentiment could soon shift back in favor of digital assets.

Liquidity Tailwinds from the Fed

Adding another layer to the bullish narrative, the macro backdrop could soon turn more favorable. The U.S. Federal Reserve recently confirmed that its quantitative tightening (QT) policy will wind down by December 1, effectively signaling a pause in the liquidity drain that has pressured markets throughout the year.

If new liquidity begins to flow into risk assets, Bitcoin could be one of the primary beneficiaries. Historically, looser financial conditions have coincided with crypto recoveries — and the timing of the Fed’s move fits neatly with the technical setup Colin highlighted.

Market Still Lacks Signs of Overheating

Despite Bitcoin’s previous climb past $126,000, the analyst notes that sentiment data never reached the kind of euphoric extremes typically seen at major cycle peaks. Funding rates and market optimism remain moderate, implying that the broader bull run may have more room to grow.

“The data shows we haven’t hit that emotional peak yet,” Colin said. “That’s what makes this dip look more like an opportunity than a top.”

Outlook: Calm Before a Possible Comeback

While caution remains the dominant mood across the market, Colin Talks Crypto believes the pieces are aligning for a potential breakout window in November. Between gold’s resurgence, improving liquidity expectations, and historical chart behavior, the stage may be set for Bitcoin’s next act.

Whether it unfolds exactly as predicted remains to be seen — but in a market that thrives on timing, mid-November could prove pivotal for Bitcoin’s trajectory heading into year’s end.


The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Author

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.

Source: https://coindoo.com/bitcoins-next-big-move-analyst-predicts-a-bullish-breakout-by-mid-november/