© Reuters.
The digital currency is hinting at another potential rally as December approaches, following the historical pattern of year-end bullish trends. With a solid performance in October, closing at +28.5%, and a +7.18% gain expected in November, Bitcoin’s cumulative gain in the fourth quarter now stands at +37.7 %.
Bitcoin’s performance typically sees an increase in December, repeating this pattern eight times in the past thirteen years. Notable December gains include +14.1% in 2015, +29.2% in 2016, and a significant +38.8% in 2017. Even in years of outstanding performance, such as the +453.9% gain in November of the outlier year and the +47.8% gain in 2020, December maintains its reputation as a strong month for Bitcoin returns.
The only exception to this trend occurred in 2013 when Bitcoin dropped -33.2% in December. However, overall historical data shows that Bitcoin investors are likely to see another increase as the year ends, continuing the cryptocurrency’s Q4 rally into the final month of the year.
This article was created and translated with the help of AI and has been reviewed by an editor. For more information, see our Terms & Conditions.