Week 30 Bitcoin Price Forecast

Bitcoin Price Forecast Week 30: After ranging for about two weeks, Bitcoin saw some major movement to the upside this week. Price touched $38K on news of a BlackRock filing for an Ethereum Trust that could eventually be converted into an Ethereum ETF.

Even with such big news, the price movement ran up against the ceiling of the long term ascending channel and the next major supply zone around $38K. This could cause price to stall out or potentially reverse back down to $30K before rocketing to the upside once again. There's also the potential for price to simply blow through this zone.

Time will tell. Historically, November is the best month for returns on Bitcoin. It's looking like the trend of positive returns will continue this year.

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