Last November, the price of Bitcoin (BTC) soared by nearly 43%. However, November of this year turned out to be unfortunate for the leading digital currency. Its cost at the end of the last month decreased by 7.11% (according to CoinGlass).
However, the losses were negligible compared to November in 2018 and 2019, when the value of BTC fell by 36.57% and 17.27%, respectively.
But all the last months of autumn from 2013 to 2017, inclusive, ended with the rise of cryptocurrency.
For example, in November 2013 the price jumped 449.35%. Bitcoin is currently trading at $ 57,442.
Trending: CoinShares: Bitcoin funds raised $8.8 million in a week
Many experts anticipate the December BTC race, often referred to as the "Santa Claus Rally". According to the analyst, we are still in a bullish phase. The December breakout could result in a break above $70,000.
The analyst notes: "The coin can easily reach $ 75,000 in early 2022, but then a major correction awaits us."
The proof of the positive attitude in the camp of traders is the fact that the accumulative strategy dominates among them. They refuse to sell cryptocurrency and wait for higher values.