Delphi Digital analyst: If the market continues its bullish trend, $98,900 could be the November low.

Analysts point out that November is often a turning point for Bitcoin: it rebounds 32.9% after bottoming out in the first week of a bull market, and falls 8.2% by the end of a bear market. Currently, if it holds above $98,900, the bull market may continue, while a break below this level indicates the risk of a bear market.