Analyst: Bitcoin's October Pullback Could Set Stage for Next Leg Up, EOY Target at $120-150K

2025.11.04 11:57:20

On November 4th, as per Decrypt's report, SynFutures CEO Rachel Lin stated, "The pullback in October may lay the groundwork for the next upward move in Bitcoin's bull market. Such a retracement is often the midpoint of a larger cycle rather than the end point." Historical data also backs up this optimistic interpretation. Bitcoin's average return for the third quarter remains positive at 6.05%. It is also worth noting that November has historically been one of Bitcoin's most strongly performing months, with an average return of up to 42% over the past 12 years. Rachel Lin said, "For November, I anticipate a period of stability with cautious optimism. Bitcoin may trade sideways at the beginning of the month as the market digests the Fed's remarks. But once there is a clear policy shift, it could trigger a rebound." She also mentioned that if Bitcoin continues to follow the typical post-halving trend, "it is still possible for Bitcoin to reach $120,000 to $150,000 by the end of 2025," citing strong fundamental support such as ETF fund flows and institutional custody solutions.

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