The post Bitcoin Price Forecast For Next Week: Bitcoin Set To Surge Above $35K As November Continues ‘Uptober’ Trend appeared first on Coinpedia Fintech News
As ‘Uptober’ concludes its chapter, November is set to carry the trend, continuing Bitcoin’s impressive upward trajectory. Over the past month, Bitcoin has recorded gains exceeding 30% due to notable developments such as Grayscale’s triumph and the listing of BlackRock’s ETF on the DTCC site. Analysts are now looking forward to the potential launch of ETFs as the year draws to a close, with growing confidence that Bitcoin will maintain its bullish rally, possibly sending its price beyond $35,000 next week.
Bitcoin’s Record $16 Billion Open Interest Sets The Price
Traders are actively opening positions on Bitcoin price, driven by its increased volatility. As a result, the Open Interest metric touched this year’s record high of $16.35 billion. The majority of these traders entered the market during Bitcoin’s stro
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