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MEXC Research Analyst Forecasts BTC and ETH Prices for November 2026
Shawn Yang, chief analyst at MEXC Research, has forecasted growth in the cryptocurrency market over the next year. According to him, if current macroeconomic trends persist, by November 2026 the price of Bitcoin (BTC) will range between $100,000 and $115,000, and in a positive scenario, it could reach $120,000. Ethereum (ETH), according to Yang’s estimates, could rise to $6,000–$7,000 during the same period.
This projection reflects a moderately bullish scenario for the market, implying the industry’s adaptation to a new interest rate cycle, sustained institutional demand through ETFs, and steady retail investor engagement. A stronger rally could occur if, in 2026, there is a significant inflow of liquidity and new ETFs focused on DeFi or the GameFi sector are approved.
When asked about the significance of the halving, Yang noted that its impact has become less direct. In Bitcoin’s early years, the halving of mining rewards automatically reduced supply and pushed prices higher. However, today the market is largely driven by global macroeconomic factors. The key drivers remain liquidity, interest rates, stock market dynamics, and regulatory policy.
The analyst stated that despite its reduced direct effect, the halving still sets the structural and psychological rhythm of market cycles. Around it, investor interest and media attention tend to grow, maintaining overall market activity.
According to Yang, the crypto market has entered a new era, where its dynamics are shaped not only by internal mechanisms but also by broader trends in global finance and technology.
See also: "Citi explains the reasons for the recent weakness in the cryptocurrency market"
