💦💦Is Bitcoin Bull Season Coming to an End? 💦💦
Bitcoin only fell 2.5% in December, and investors are keeping a close eye on monthly and yearly candle closes.
Bitcoin’s December Performance
Data suggests that Bitcoin is up nearly 50% in Q4 2024, despite recent selling pressure. Regardless of short-term price action, Bitcoin’s bull market case remains solid.
BTC is trading just 2.4% below its December opening price, despite having pulled back nearly $15,000 from last week’s high. Noted analyst Titan of Crypto said there is no need to worry as long as Bitcoin remains above a critical ascending trendline, which he described as Bitcoin’s “most important support level.” Historical data on December performance suggests that 2024 has been a fairly average year so far. According to CoinGlass data, this year's performance has lagged behind December 2023's movements.
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