Bitcoin Braces for Potentially Bullish December If History Repeats; Analyst Highlights Next Crucial Resistance for BTC
Bitcoin’s solid returns across October and November point to December continuing that momentum based on historical trends identified by crypto trader Ali. As BTC navigates key resistance and support, a year-end rally could materialize.
Ali notes Bitcoin has posted strong back-to-back months leading into December for the past four years. In nearly every case, that strength foreshadowed an even more emphatic surge in December to close out the year on a high note.
If that tendency repeats, Bitcoin development through the next month may accelerate and confirm the nascent recovery from this year’s brutal drawdowns. Even absent a specific catalyst, the calendar itself appears prone to stoking the buying appetite as investors chase risk-on positioning.
Crucial for Bitcoin will be how it handles critical resistance around $47,360, where the 200-week moving average hovers alongside the topside of its recent range. That barrier has denied progress since September, but Ali spots dependable support established at around $37,000.
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Maintaining that higher low while tackling tough overhead hurdles would pave the way for bullish continuation as hedge funds and systematic traders chase year-end gains. In crypto’s history, November doldrums snapped by December joyrides prove fairly consistent.
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