Bitcoin Price Prediction for December Based on BTC Historical Performance
Bitcoin Price Trends in December
Bitcoin (BTC) usually opens December in a tight consolidation range. Following November's performance, where Bitcoin teased the psychological resistance of $100,000, the focus shifts to historical returns.
According to data from Coinglass, December often yields mixed results with an average gain of 5.00%. However, six out of the last eleven years showed a negative median return of -1.73%.
Understanding December's Performance
- 2013's worst December saw Bitcoin drop by 34.81% after a record November.
- Notable positive cases include 2020 and 2017, where December recorded gains of 46.92% and 38.89%, respectively.
BTC Price Predictions for December 31
Currently trading at $95,930, BTC’s price may range from $94,782 to $101,273 by month-end based on historical performance patterns.
Yet, Bitcoin's price forecasting remains speculative. Investors should conduct their own research and be mindful of market influences.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.