Bitcoin could rise to $160,000 in November.

Bitcoin entered its most profitable month ever, November, with an average gain of 42.51% since 2013. This means the cryptocurrency could surpass $160,000 in the coming weeks. According to the crypto analyst, several macroeconomic factors will contribute to this.

I think seasonal charts are important, but they need to be considered in conjunction with a lot of other factors, said Marcus Thielen of 10x Research.

The US Federal Reserve is expected to continue cutting interest rates. The next Fed meeting is scheduled for December 10, 2025. CME FedWatch data, a tool used to measure expectations for Federal Reserve rate changes, shows that traders estimate the probability of a rate cut at 63%.

The meeting between US President Donald Trump and Chinese President Xi Jinping on Thursday was seen as a positive step toward ending trade tensions between the US and China. Both events could be positive for Bitcoin. However, the US government shutdown and tariffs continue to heighten economic uncertainty.

The shutdown has lasted nearly five weeks, making it the longest pause in the country's history. Republicans and Democrats are still unable to agree on a government spending plan. This has prevented the US Securities and Exchange Commission from operating fully, delaying decisions on cryptocurrency ETF applications.

Source: cryptonews.net