Bitfinex predicts Bitcoin will rise above $100,000 by the end of the year. Bitcoin finished November with a 37.3% increase and has every chance of reaching six-figure marks in December due to favorable seasonality. This was reported by Bitfinex.

According to experts' calculations, historically in this month, the asset has appreciated by an average of 38.9%, considering only halving years. Experts warned that the rise will be volatile, which will be linked to profit-taking by hodlers and the dynamics of BTC-ETFs.

Thus, at the end of the previous week, clients withdrew $135.1 million from exchange-traded funds, while long-term investors reduced their balances by 508,990 BTC. According to Bitfinex, the number of coins available to speculators approached a cyclical peak of 3,282,000 BTC. Historically, the final phase of a bull run occurred after exceeding the metric highs observed before the halving. The current phase of consolidation serves as a necessary pause for absorbing profit-taking and adjusting market demand, they concluded.

At QCP Capital, the current correction was linked to reports of the U.S. government moving 10,000 BTC (~$963 million at that time) related to Silk Road.