Bitfinex Warns of Potential Stagnation for Bitcoin This November

Bitcoin may see a sideways movement this November, according to Bitfinex’s cautionary signal regarding macroeconomic uncertainty. While historical data shows significant gains in previous years during the month, analysts at Bitfinex suggest that rising interest rates, global economic pressures, and cautious investor sentiment could impede Bitcoin’s typical Q4 surge. The cryptocurrency has already displayed hesitation around key price resistance levels, highlighting a lack of momentum. Bitfinex believes this reluctance might signify investors awaiting clearer signals before making aggressive moves.