As October comes to a close, Uptober expectations have been partially met. Bitcoin (BTC) $68,652 has nearly reached its all-time high. Is there more potential ahead? With BTC finding buyers above $72,000, almost all holders are profiting, and there is no rapid decline in sight. Therefore, the strength of those anticipating further increases should not be underestimated. What are the forecasts for Bitcoin, Ethereum $2,457, and Dogecoin $0.15208 in November?
Ethereum and Bitcoin Insights
In his latest evaluation, Michael Poppe notes that the daily upward deviation has become apparent in the Ether (ETH) chart. The labor data released yesterday was quite weak, which we previously wrote should help the rise. A few hours later, the expected upward movement began. With the worst job position data in 3.5 years indicating the promise of further interest rate cuts, Poppe anticipates continued increases in the ETH price.
In the ETHBTC chart, the targeted points are 0.046 and 0.051 BTC, with a goal of reaching 0.06 BTC.
Crypto Fella suggests that soon, cryptocurrency investors will witness the largest bull run yet.
“We will soon witness the biggest bull run of our lives. BTC – Bitcoin dominance has been on an upward trend since August 2022. The final phase of this rise will be the wildest part.”
Titan of Crypto utilized the Ichimoku cloud in today’s analysis.
“Bitcoin’s upward momentum has returned. From the Ichimoku perspective, BTC appears to be in an upward trend as it approaches year-end. The price is above all lines and the cloud. Kijun, Tenkan, and the cloud are all pointing upward. The lagging span is above the price and breaking through.”
Dogecoin (DOGE) November Target
Before the upward momentum accelerates, we mentioned that continued closures above $0.13 reflect a stronger bullish sentiment. The simultaneous rise of a large market cap altcoin like DOGE alongside BTC is positive for altcoins. Carl stated:
“DOGE still has room to grow! The exit target from this descending wedge is $0.22015.”
As this article was prepared, the DOGE price was $0.169. If it surpasses $0.18 and turns back into support, new peaks will open doors above Carl’s target. Additionally, a surprising victory for Trump in the elections would significantly boost bulls’ motivation.