Bitcoin’s Historical December Performance

Historically, December has been a volatile but often positive month for Bitcoin. Notable patterns include:

1. Bullish Decembers in Bull Markets: During bull runs, such as in 2017 and 2020, Bitcoin recorded significant gains in December, bolstered by retail interest and macroeconomic trends.

2. Mixed Performance in Other Years: In bear markets, such as December 2018, Bitcoin suffered substantial losses. However, December 2019 saw stabilization as the market transitioned to recovery.

3. Volatility Trends: December often aligns with year-end profit-taking and tax-loss harvesting, contributing to price fluctuations.

Given the current bullish sentiment and historical trends, December 2024 may continue the upward trajectory unless significant external shocks occur. However, you guys should remain cautious of overbought signals and potential corrections.