After Trump won the U.S. presidential election, $BTC prices surged in November, with an increase of 37.3%.
Historical data reveals a trend that BTC is expected to continue rising in December of the same year, with an increase of up to 46%.
Although the current BTC price hovers around $96,600, this wave of increase is very likely to push it up to $141,000, ending the year on a high note.
Regarding BTC's trend in December, the market generally holds an optimistic attitude. A report from blockchain analysis authority Spot On Chain indicates that in past election years, the average price increase of BTC in December was between 30% and 46%, showing strong performance.
As of now, the price of BTC has risen to $96,377, with a market capitalization reaching as high as $1.918 trillion.
If BTC can repeat its former glory, then breaking the $100,000 mark seems imminent. Influenced by a new wave of fear of missing out in market dynamics, updated predictive models indicate that if the increase reaches 30%, BTC is expected to touch $115,000 by the end of December; if the increase is as high as 46%, the price could rise to a new height of $141,000.
BitBoy also shared his views, believing that the price of BTC is very likely to surge to $100,000 within the next 48 hours.
Based on long-term data trends for BTC, BitBoy made this prediction: In the next 48 hours, BTC will break through the $100,000 mark.
There are signs of a significant decrease in BTC reserves at exchanges, with data from 10x Research showing that the supply of Bitcoin at exchanges is rapidly decreasing.
Unlike the situation in late summer when a large influx led to an increase in exchange inventories, current on-chain data shows that supply is rapidly shrinking.
Meanwhile, long-term holders continue to hold their ground, unwilling to release their BTC into the market. This trend undoubtedly provides additional momentum for the rise in BTC prices.
The situation of tight market supply has also been further confirmed, with reports that traditional financial giant BlackRock is actively seeking investment opportunities in spot Bitcoin ETFs.
10x Research pointed out that currently, only Bitfinex, Binance, and Coinbase have sufficient BTC inventory. It added that considering the $30 billion inflow into Bitcoin ETFs, only 300,000 BTC can be ensured at the current price, and Bitfinex's reserves may last about a year, while Binance and Coinbase have ample stock.
Willy Woo also agrees with this trend. He pointed out that to understand what is happening, one only needs to observe the changes in exchange BTC reserves.
You will find that supply shortages have become inevitable. It's unclear who is buying in large quantities, but short-term holders are selling their tokens to the BTC vacuum.
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