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.

BlockBeats news, on November 4th, reported by Decrypt, SynFutures CEO Rachel Lin stated, “The October fall may lay the foundation for the next upward movement of the Bitcoin bull run, as this pullback is often the midpoint of a larger cycle rather than the endpoint.” Historical data also supports this optimistic interpretation, with Bitcoin's average return in the third quarter still positive, reaching 6.05%. It is also noteworthy that November has historically been one of the strongest performing 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 period of stability with cautious optimism; Bitcoin may trade sideways at the beginning of the month as the market digests the Fed's speech, but once there is a clear shift in policy tone, it may trigger a rebound.” She also stated 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.