Why Bitcoin could trade at $140,000 in December
If Bitcoin (BTC) replicates past cycle performances, the asset could trade at $100,000 or higher in December. Notably, the cryptocurrency market remains on edge, anticipating Bitcoin’s push to the six-figure valuation amid the ongoing post-election rally. Historically, Bitcoin has shown a tendency to rally in December following the United States presidential election years. Specifically, during the last two such cycles, the cryptocurrency posted significant December gains of 30% and 46%. For 2024, on-chain cryptocurrency analyst Ali Martinez has suggested that history might repeat itself, potentially propelling Bitcoin to trade between $125,000 and $140,000 in December, he said in an X post on November 30. Picks for you Solana or XRP? We asked which crypto is a better buy for 2025 1 hour ago ...