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Bitcoin Price Prediction December 2024: Data Suggests All-Time High With Gains Over 30%

Bitcoin Price Prediction December 2024: Data Suggests All-Time High With Gains Over 30%

Portalcripto2024/12/01 11:44

By:By Roberta Cesar

BTC+0.02%

What is the price forecast for Bitcoin in December 2024? Historical data suggests that December could be a very positive month for the largest cryptocurrency on the market.

Today, November 30, renowned cryptocurrency analyst Ali Martinez shared a chart showing Bitcoin’s developments since 2013. The expert noted that the asset’s historic price rise has been influenced by the US presidential election in recent years. This year was no different, with the largest cryptocurrency beginning a bullish rally following the victory of crypto-supporter Donald Trump, reaching a new all-time high of $99.645,39 on the 22nd. This month, Bitcoin’s price has increased by almost 34%.

As per the data shared by the expert, in 2016 and 2020, Bitcoin recorded returns of 30.8% and 46.92%, respectively. The analyst suggested that by December 2024, BTC could mirror the pattern and rise above 30%.

But what will the price of Bitcoin be in December 2024? According to Martinez, if history repeats itself, Bitcoin could see a bullish breakout towards new all-time highs between an impressive $125.000–$140.000.

“Historically, Bitcoin $BTC has surged in December following the US presidential election, with gains of 30% and 46% over the last two cycles. If history repeats itself, we could see $BTC closing the year in the $125.000–$140.000 range!” wrote ".