Bitcoin’s Q4 surge hints at potential December gains By Investing.com
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The digital currency 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.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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The digital currency 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.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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