Bitcoin’s price surged 37.3% in November, with December historically showing strong growth.
Analysts predict Bitcoin could hit $115K in December, aligning with previous $100K forecasts.
Bitcoin’s price remains volatile, with a 63% chance of reaching $100K in 2024.
Bitcoin’s price rose 37.3% in November 2024, following the U.S. presidential election, according to SpotOnChain. Historically, Bitcoin has performed well in December after an election month, with price increases ranging from 30% to 46%.
The #Bitcoin price soared by 37.3% in November 2024, the US election month.
Historically, every December following an election month has shown remarkable growth (30%–46%).
This aligns with our April prediction that $BTC is likely to hit $100K. Now, with new FOMO factors in… https://t.co/lie8sHEtS4 pic.twitter.com/tpr9hQZl96
— Spot On Chain (@spotonchain) December 2, 2024
Based on this trend, analysts believe Bitcoin could hit a new all-time high this December, reaching $115,000. This aligns with earlier reports that predicted Bitcoin could reach $100,000, with new factors driving investor optimism.
Bitcoin’s Historical Monthly Returns
Bitcoin’s mont…
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