LIVEBitcoin (BTC) Price History Secret: Here's What You Need To Know This December.
Delving into Bitcoin's historical trends reveals compelling insight into why upcoming month can be considered bullish.
As the year draws to a close, Bitcoin (BTC) enthusiasts are closely monitoring the historical patterns that suggest December could be another bullish month for the world's leading cryptocurrency.
In 2015, after closing October and November at a positive 33.1% and 19.8%, BTC surged by 14.1% in December. The years 2016 and 2017 witnessed even more remarkable gains, with positive returns in December of 29.2% and 38.8%, respectively. In 2020, following October and November gains of 28.1% and 42.9%, BTC soared by 47.8% in December, showcasing a consistent historical trend.
While exceptions like 2013 exist, as Bitcoin experienced a 33.2% dip in December, it could be argued that the crypto landscape was markedly different, resembling the "Wild West," with unprecedented price fluctuations, such as a staggering 453.9% surge in November that year. This year, BTC has continued its upward trajectory, closing October with a 28.5% gain and projected to end November with a 7.18% increase.
Statistically, the last quarter of the year has proven to be one of the greenest for the cryptocurrency market. As of now, the fourth quarter of 2023 is closing with a notable 37.7% gain, marking the potential eighth time out of 13 years that the year concludes on a bullish note. With this historical insight, all eyes are on Bitcoin as the crypto community eagerly anticipates whether the trend will continue, making December 2023 a month to remember for BTC enthusiasts.
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