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Bitcoin's $40K Surprise

December is bringing good tidings to crypto

Jack Inabinet
Dec 4, 2023 • 1 min read

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Crypto markets have gotten off to a strong start this December, with Bitcoin breaking out above $40,000 and Ether blowing past $2,000! Bullish momentum is building, but is the Santa rally secured?

Since 2015, Bitcoin’s directional price movement in December has matched its November performance. With BTC closing last month green, price patterns indicate there’s room for an upward continuation.

I never realized this before...

Every year since 2015, Bitcoin’s directional move in December (up or down) matched its direction from November.

Is this time different? pic.twitter.com/ITWbpX1i6N

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.