Will Bitcoin Rise Continue: December Analysis According to Historical Data!

After a flashy October, Bitcoin (BTC) closed November with an increase of 8.81%. What do historical data say for December?

Bitcoin in October 28% It closed the month of November with an increase and entered 8.81% finished with an increase. On the first day of December bullish For Bitcoin, which displayed an attitude, last December little clarity on direction not available.

According to data from CoinGlass, Bitcoin 2013 In total since December 4 times positive 6 times negative It showed an unstable performance by offering returns. In the 10-year period in question, Bitcoin 2018 bull the last month of the previous year December 2017 And 2021 of the bull last month of the previous year December 2020showed significant increases in .

in December 2020 46% rise Living Bitcoin closed 2021 and 2022 with minus. However, it is noteworthy that Bitcoin did not close any month with a large minus except 2013.

Bitcoin, which has excited investors with its performance for several months, has a making corrective action bear red closure Seems likely.

On the other hand, Matrixport analyst Markus Thielen stated in his recently published article that Bitcoin in December 40 thousand dollars He stated that he was certain that he would overcome it.

According to CoinGecko data, from the first day of the month 1.5% rise live bitcoin, while writing From $38,239 is being traded.

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