The digital currency Bitcoin is hinting at another potential rise as December approaches, following a historical pattern of year-end bullish trends. With a solid performance in October, closing at a +28.5% increase, and a projected +7.18% gain in November, Bitcoin's cumulative gain for the fourth quarter currently stands at +37.7%.
Bitcoin's performance has often seen an uptick in December, repeating this pattern eight times out of the past thirteen years. Notable increases in December include +14.1% in 2015, +29.2% in 2016, and a significant +38.8% in 2017. Even in years with exceptional performance, such as the +453.9% surge in November of the exception year, and the +47.8% increase in 2020, December has maintained its reputation as a strong month for Bitcoin gains.
The only exception to this trend occurred in 2013 when Bitcoin experienced a -33.2% drop in December. However, the overall historical data suggests that Bitcoin investors could potentially see another increase as the year comes to a close, continuing the cryptocurrency's Q4 momentum into the final month of the year.
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