$BTC
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Bitcoin's December market trend revealed!
Fluctuating prices, Christmas effect draws attention!
As December progresses, Bitcoin's market direction has become the focus of the crypto market. According to Coinglass data, in the past 11 'December' journeys, Bitcoin has closed down 6 times and closed up 5 times. Notably, December 2020 had an impressive monthly increase of 46.92%, while December 2013 experienced a significant drop of 34.81%.
It is particularly worth mentioning that if Bitcoin closes up in September, it has historically been able to achieve consecutive gains at the end of the year (October, November, December). This year's September saw a 7.35% increase, marking the best performance for September and laying the groundwork for subsequent trends.
Additionally, influenced by asset management companies' annual fund allocation habits, in the past 5 years, Bitcoin has started a bull market journey after Christmas in 4 out of 5 years, with only 2021 starting a decline after Christmas (the last bull peak).
Bitcoin's historical trajectory and potential patterns in December are painting a suspenseful and exciting market picture for investors and crypto enthusiasts.
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