BTC: Late Nite Hopium Hit (Patreon)

If History repeats and BTC scores avg Nov returns - we could see 47K in a month. 

• Bitcoin's price could potentially hit $47,000 by month's end if it follows average November performance trends, per SynFutures.

Other bullish signals

• October ended positively, and November traditionally offers even better returns.
• A notable increase in spot volume, with large transactions over $100,000, indicates growing institutional interest in bitcoin.
• Last week saw an asset inflow of about $325 million into the crypto sector, with $300 million of that directed towards bitcoin.
• Options market shows a bullish outlook with high open interest in December call options for bitcoin at 40,000, 45,000, and even 50,000, indicating bets on bitcoin's price rise.
• Despite short-term overbought signals from the relative strength index, the long-term forecast for bitcoin remains optimistic.

H/T to Sanjay for sharing