BTCUSD has seen gains in 6 out of 7 Novembers since it began trading in 2010. Even the 2014 bear market saw a gain in November, one of the few positive months for bitcoin that year. The only negative year for bitcoin was in 2011, which saw the worst bear market in bitcoin’s history – down 94% peak to trough. November marked the bottom of that bear market that year and start of one of the greatest bull market phases in human history. Here is the breakdown:
By contrast, the month of October has only seen 4 out of 8 positive months, including 2017 and the month of September has only seen 3 out of 8 positive months, including 2017. The infamous 2013 mega-bull market had a down month for September. We also had a negative month for September this year.
Even the 2014 bear market saw a gain in November, one of the few positive months for bitcoin that year. As of this writing, BTCUSD is up 13% for the month of November. With the segwit2x hard fork slated for the middle of the month (Nov. 16th), this November is shaping up to be positive also. However, a sell-the-news event after the fork or unexpected problems resulting from the fork could derail the rally and potentially cause the month to be negative. We shall see how this month transpires.
Disclaimer: None of this is advice of any kind.