In November $BTC surprised many, closing the month with an impressive result of +37.29%. This growth became the best monthly figure in the last year and a half and confirmed our expectations for the beginning of a new upward trend.
Historically, in December, the price of Bitcoin closed the month in the green zone half of the time.
At the same time, if the past 3 months closed in the green zone, then December was also green 📈
Half of the red Decembers closed with a result of -3-5%. This is hard to call a distinctly negative result.
Therefore, it is more likely that the current December will close Bitcoin at around the current levels or significantly higher.
History says that logically this month should become a sideways month for Bitcoin and a month of growth for altcoins!
🏆 Bitcoin's dominance has been declining for 14 consecutive days and is now in an important zone - at the lower boundary of the medium-term ascending channel and the long-term MA200d.
Such resistance zones are hard to break through on the first attempt, but if dominance manages to fall below 55%, altcoins will go to the moon.
If not, then there will be a bounce in Bitcoin's dominance in the market, which will indicate a local market correction or an increase in Bitcoin.
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