The post How Will November Go for Bitcoin? Two Analysts Offer One Pro and One Worst Scenario! appeared on BitcoinEthereumNews.com. Leading cryptocurrency Bitcoin (BTC) and altcoins are experiencing a deep decline. Analysts believe the decline was triggered by waning hopes for interest rate cuts following hawkish statements from Fed officials, the prolonged US federal government shutdown, and a sharp decline in investor confidence. Analysts also believe that market liquidation pressure fueled the decline. According to CoinGlass data, nearly all of the liquidated positions were long. The purging of overheated long positions further exacerbated short-term downward pressure. While there is speculation about whether this widespread decline in the market will continue, Fairlead Strategies founder Katie Stockton stated that technical signals also point to weakness. Stating that Bitcoin has fallen below its 200-day moving average, which is an important support level at $109,800, Stockton stated that this correction may take a few more weeks. Stating that the next support is $94,200 and that there is a risk of BTC falling below $100,000, the analyst added that despite the negativity, Bitcoin has the potential to recover in the medium and long term. “Bitcoin has fallen below the 200-day moving average ($109,800). This is a key indicator for measuring the long-term trend and a key support level. “At this point, a technical correction could continue for several weeks. Bitcoin’s next support level is $94,200.” Bitcoin Sideways in Early November! SynFutures CEO Rachel Lin also evaluated the recent decline in Bitcoin and interpreted it as a healthy correction within the overall uptrend. Lin, who expects a sideways trend in early November, stated that Bitcoin has a chance to reach $150,000 by the end of the year. “Cautious optimism prevails in November. Bitcoin may trade sideways in early November, but a recovery could be triggered once a psychological turning point is reached. The current decline appears to be a correction within an uptrend. Long-term investors are… The post How Will November Go for Bitcoin? Two Analysts Offer One Pro and One Worst Scenario! appeared on BitcoinEthereumNews.com. Leading cryptocurrency Bitcoin (BTC) and altcoins are experiencing a deep decline. Analysts believe the decline was triggered by waning hopes for interest rate cuts following hawkish statements from Fed officials, the prolonged US federal government shutdown, and a sharp decline in investor confidence. Analysts also believe that market liquidation pressure fueled the decline. According to CoinGlass data, nearly all of the liquidated positions were long. The purging of overheated long positions further exacerbated short-term downward pressure. While there is speculation about whether this widespread decline in the market will continue, Fairlead Strategies founder Katie Stockton stated that technical signals also point to weakness. Stating that Bitcoin has fallen below its 200-day moving average, which is an important support level at $109,800, Stockton stated that this correction may take a few more weeks. Stating that the next support is $94,200 and that there is a risk of BTC falling below $100,000, the analyst added that despite the negativity, Bitcoin has the potential to recover in the medium and long term. “Bitcoin has fallen below the 200-day moving average ($109,800). This is a key indicator for measuring the long-term trend and a key support level. “At this point, a technical correction could continue for several weeks. Bitcoin’s next support level is $94,200.” Bitcoin Sideways in Early November! SynFutures CEO Rachel Lin also evaluated the recent decline in Bitcoin and interpreted it as a healthy correction within the overall uptrend. Lin, who expects a sideways trend in early November, stated that Bitcoin has a chance to reach $150,000 by the end of the year. “Cautious optimism prevails in November. Bitcoin may trade sideways in early November, but a recovery could be triggered once a psychological turning point is reached. The current decline appears to be a correction within an uptrend. Long-term investors are…

                                                                               Canada’s government unveiled a plan to regulate stablecoins, requiring fiat-backed issuers to maintain sufficient reserves and adopt robust risk management measures.                     Canada is set to introduce legislation regulating fiat-backed stablecoins under its federal budget for 2025, following the footsteps of the US, which passed landmark stablecoin laws in July.Stablecoin issuers will be required to hold sufficient reserves, establish redemption policies and implement various risk management frameworks, including measures to protect personal and financial data, according to the government’s 2025 budget released on Tuesday.The Bank of Canada would allocate $10 million over two years, starting in the 2026-2027 fiscal year, to ensure everything runs smoothly, followed by an estimated $5 million in annual costs that will be offset from stablecoin issuers regulated under the Retail Payment Activities Act.Read more