Analyst: Bitcoin's pullback in October may lay the foundation for the next round of rise, possibly reaching $120,000 to $150,000 by the end of the year.

On November 4, Decrypt reported that SynFutures CEO Rachel Lin stated, “The October fall could lay the groundwork for the next upward movement in the Bitcoin bull run; such pullbacks are often the midpoint of a larger cycle rather than the endpoint.” Historical data also supports this optimistic interpretation, as the average return for Bitcoin in the third quarter remains positive at 6.05%. It is also worth noting that November has traditionally been one of the strongest months for Bitcoin, with an average return rate of up to 42% over the past 12 years. Rachel Lin mentioned, “For November, I expect a stable period 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 shift in policy tone, it may trigger a rebound.” She added that if Bitcoin continues to follow the typical post-halving trend, “it is still possible for Bitcoin to rise to $120,000 to $150,000 by the end of 2025,” citing solid fundamental support from ETF fund flows to institutional custody solutions.