Bitcoin Bulls: Expert Sees Potential Breakout in Mid-November

A leading crypto analyst, Colin Talks Crypto, predicts a bullish breakout for Bitcoin by mid-November. He cites multiple indicators pointing to a potential reversal, including a crossover between the 50-day and 200-day moving averages, which could signal a local market bottom. Increased strength in gold prices and the Federal Reserve’s policy shift toward ending quantitative tightening are also cited as supportive factors. Traders are watching closely as volatility and macroeconomic uncertainty return to prominence. However, Colin argues that Bitcoin’s pullback may be less of a retreat and more of a reset, with the setup aligning with past market turnarounds. He suggests that this could signal the beginning of a new upward phase in Bitcoin’s price action.