Bitcoin price makes a spectacular recovery after a brutal fall.
Historically December has closed in a 40% price pump in Bitcoin Halving years.
Analysts prepare for a major price surge in the final days of December 2024.
The price of Bitcoin makes a spectacular recovery after a significant drop. In detail, the pioneer crypto asset set its latest ATH at $108,268.45. Four days ago. Presently, the price of Bitcoin is at $98,434.73, a price that is up by 3.43% in the last 24 hours and down by 9.16% in comparison to its last ATH.
Bitcoin Recovers Swiftly After Brutal Dip
More importantly, the price of Bitcoin fell from $108,268 to $92,175.18 in 72 hours which led to mass FUD reactions and high panic-selling. Many new traders feared the remarkable drop signaled an end to the bull run pump. In contrast, seasoned traders saw the dip as another healthy correction and an opportunity to accumulate.
One reputed crypto analyst known for his many accurate predictions has said many times that Bitcoin price will hit the following targets as we head into the new year: $110,000, $125,000, $135,000, $150,000 and $200,000. This means that Bitcoin should have a very bullish rally including expected dips as the market corrects after certain pump milestones.
In this ongoing crypto bull run so far, Bitcoin has set consecutive monthly closes in a bullish green pump. To highlight, the months of September, October, and November have all ended in bullish green closes. Presently, the stage is set for December to close in a bullish green sign as well.
December Set to Close With Over 40% Pump
https://twitter.com/rovercrc/status/1870073411885506779
As we can see from the post above, in previous Bitcoin Halving years, December’s average return has been over 40%. Presently, with under 9 days remaining for the end of December, BTC is up by 1%. The analyst highlights that BTC price has a huge gap to fill and expects explosive rallies in the coming week ahead. Given Bitcoin’s impressive recovery, the asset may very well surprise skeptical traders.
The post December Historically Closes Over 40% in Bitcoin Halving Years, Analysts Expect Explosive BTC Pump Soon appeared first on Crypto News Land.
