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Bitcoin price prediction is back in the spotlight after recording a loss in October for the first time since 2018. The largest crypto broke the seven-year streak of gains in October with a nearly 4% decline.
October, nicknamed “Uptober,” is historically one of the strongest months of the year for Bitcoin, averaging 20%. However, macroeconomic uncertainty, tariffs, and concerns about liquidity have reduced investors’ risk appetite, weakening the broader crypto market.
However, even though BTC ended its long winning streak, spot Bitcoin ETFs have continued their strong rally since September. In October alone, Bitcoin ETF products recorded $3.16 billion in inflows, reflecting growing institutional interest in the cryptocurrencies. This surge has amplified the demand for more efficient Bitcoin infrastructure and broader ecosystem development.
Bitcoin Hyper, the first layer-2 platform on Bitcoin, is addressing this problem. The project aims to redefine Bitcoin’s $2.2 trillion capital utility through advanced technology and unique infrastructure. With over $25.6 million raised in its ongoing presale, Bitcoin Hyper is leading the race for the best crypto to buy.
BTC Faced Loss In October: What’s Next in November?
After recording a loss in October for the first time, Bitcoin is trading below $110,000, showing bearish dominance. The crypto giant remains down roughly 12.19% for the month but is still up nearly 20% YTD, showing resilience amid mixed macroeconomic conditions.
Bitcoin month-wise gains. Source: Coinglass
The market has entered November with a bearish note, but historically, November has been one of Bitcoin’s strongest months, with an average gain of a massive 42%. Market data indicate that November’s performance has often triggered broader rallies, with standout years such as 2017, 2020, and 2024 delivering double-digit returns.
Spot Bitcoin ETFs have boosted the market’s bullish momentum. In October alone, U.S. spot Bitcoin ETFs saw net inflows of around $3.16 billion, marking a strong rebound after the mid-month outflows. This sharp turnaround highlights growing institutional interest in Bitcoin, fueled by easing inflation pressures and optimism over potential rate cuts.
Bitcoin Price Prediction: Critical Support in Action
The Bitcoin price is back in the spotlight, and this time it’s charting bearish courses following the crypto market crash in October. At the time of writing, BTC is trading at over $107,580, having declined nearly 7% in the past week.
Bitcoin price chart. Image Courtesy: TradingView
Examining the price action, the Bitcoin price is currently trading above the critical support level of around $107,000. Often, such support levels play a crucial role in determining the next direction of the rally.
A bearish breakdown from the support could lead the price to the next major support level around $100,000. However, a bullish breakout indicates that BTC could initiate a leg up to $120,000.
Bitcoin Hyper Captures Momentum as Traders Seek Next Winner
While Bitcoin price prediction dominated headlines, Bitcoin Hyper quietly onboarded and amassed over $25.6 million in its presale. Traders seeking the leveraged bet on Bitcoin are increasingly turning to infrastructure proxies.
Bitcoin Hyper is the world’s first layer-2 solution built on top of Bitcoin, with a goal of managing Bitcoin’s massive $2.2 trillion liquidity.
Why the shift? Bitcoin has long been viewed as a means to store wealth, despite its slow transaction speed and high fees. However, other projects, such as Solana and Ethereum, flourished, expanding their ecosystems to include meme coins, NFTs, and other DeFi applications.
That is why Bitcoin Hyper is building a new Layer 2 network for Bitcoin using Solana’s Virtual Machine (SVM). This upgrade will enable Bitcoin to process thousands of transactions per second and execute smart contracts, transforming it from a simple payment system into a more versatile blockchain platform.
What’s Driving HYPER’s Momentum?
- Over $25.6M raised and 600M tokens sold
- 46% p.a. Staking rewards for ICO investors
- Massive market opportunity in Bitcoin capital
- Coinsult and Spywolf audit completed, and CEX listings confirmed
- $0.013215 – Highly undervalued token price
Investors want real utility, not hype. Investor confidence is already visible in its presale and continues to rise as the exchange launch approaches. The demand for intelligent infrastructure is growing, and Bitcoin Hyper delivers exactly that.
