TechFlow reported on December 3 that Matrixport released a chart today indicating that, based on historical data, Bitcoin's performance in December has been mixed—positive returns in six months and negative in four, resulting in an approximate 60% uptick rate. Nonetheless, the average monthly return for December remains solidly above 9.6%. If this trend continues, Bitcoin could potentially reach the $110,000 level by year-end.
Seasonal patterns suggest that the fourth quarter is typically the strongest period for market performance, making it no surprise that the long-anticipated altcoin rally might kick off during this phase.
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