The Bitcoin bull market is not over! The 'December bear market' has only caused BTC to drop by 2%, and a rebound is on the way!

The pressure brought by the 'December bear market' on Bitcoin is far less than expected, with BTC only slightly down by 2.4%, which is far from the historical standard monthly pullback range! Despite short-term selling pressure, in the fourth quarter, BTC's price still rose by nearly 50%! According to analysis by Titan of Crypto, as long as Bitcoin stays above the key upward trend line, the bull market is still on track!

More notably, the realized price for short-term holders is close to $86,000, which means that once Bitcoin reaches this price level, the possibility of a strong rebound is extremely high. The fractal pattern of the BTC market is highly consistent with last year, and many market participants believe that 2024 will be a 'replica' of 2023.