Crypto experts predict price for November

A survey asked 45 industry insiders about their prediction for the Bitcoin price in the month of November. Here are the results.

The German BTC-ECHO, in cooperation with the IU Internationale Hochschule, conducted a crypto expert survey, the results of which were published in the BTC-ECHO Insider Report. When asked what Bitcoin exchange rate experts from the DACH region (Germany, Austria, Switzerland) expect in November 2024, the following predictions emerged.

Bitcoin forecast for November

The average prediction of the Bitcoin price over a month is summarized in the BTC-1 monthly price forecast index, which is at $67,950, based on the opinions of 45 experts.

They were also asked about a worst-case and best-case scenario. In the bearish (negative) scenario, which experts say has a 10 percent chance, a price of $51,840 was predicted. In the bullish (positive) scenario, with the same 10 percent chance, a price of $79,040 was predicted.

BTC volatility may increase

The survey also calculated the BTC-1M volatility index, which summarizes expected fluctuations in the price for the coming month. The index stands at 16.2 points, while the historical volatility in the month before the survey was 14.8.

Given that the past six months have been marked by sideways movement in the crypto market, experts expect that with a rise in the price, volatility will also increase again.