Could Bitcoin Experience a Pullback in December? Analysts Point to a Recurring Downward Cycle

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Experts observe a recurring time pattern in Bitcoin’s behavior. According to analysis presented by CoinEdition, the digital currency has shown significant reversals around the 14th of each month over the past six months, suggesting that December may not be an exception.

Expected Movement and Key Levels

Currently, Bitcoin is trading at US$ 92.16K, with a 1.51% increase in the last 24 hours and gains of 2.12% over the monthly period. Despite the recent positive movement, Crypto Rover highlights the importance of this recurring date, indicating that history may repeat itself soon.

Expert Joep adds to the analysis by indicating that Bitcoin’s short-term movement may have experienced a significant break. According to his perspective, there is a possibility that the asset tests support around US$ 80,000 if the pattern is confirmed.

Necessary Caution: Multiple Factors at Play

However, it is crucial to understand that no time pattern works in isolation. Several macroeconomic factors, liquidity flows, crypto market volatility, and regulation news directly influence Bitcoin’s price. Many analysts warn of the risk of over-relying solely on historical cycles to make investment decisions.

The experts’ recommendation is to closely monitor technical levels but recognize that Bitcoin’s movements result from a complex interaction of factors, making absolute predictions always risky.

BTC4,41%
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