⚠️‼️Urgent - Understand the reason for the declines.
Has the Bitcoin (BTC) rally come to an end? Why is the currency falling in December
Bitcoin (BTC) rose 40% in November, surpassing the US$ 90,000 and US$ 100,000 levels for the first time in history.
With this, the largest cryptocurrency in the world, which began 2024 in the US$ 40,000 range, has already accumulated more than 110% appreciation from the beginning of the year until now.
Why did Bitcoin (BTC) start December falling?
Even in periods of growth, known as “bull markets”, price corrections are common.
Main factors are hindering the appreciation of Bitcoin:
Many investors are taking profits, that is, selling the currency a common behavior in times of historical highs.
The $100,000 represents a significant psychological barrier that directly affects the market's buying and selling decisions.
Given this, there is no reason to worry. This is because the market operates in cycles, and according to the data analyzed by the expert, Bitcoin should continue to trend upwards in the coming months.
Take advantage before the end of the year because next year will be a great year and there will be no possibility of buying at a low.
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