**Almost Every December Bitcoin is Red, How About This Year?**
In the journey of Bitcoin (BTC) in December every year, the majority of its price is colored red, meaning it is down.
It is recorded that in the past 6 years, Bitcoin has declined with details of a 5.15% drop in 2019, a plunge of 18.9% in 2021, a decrease of 3.59% in 2022, and a drop of 2.8% at the end of last year.
However, Bitcoin only turned green in 2020 and 2023 with increases of 46% and 12%, respectively.
However, according to Managing Partner and Head of Research at Fundstrat Global Advisors Thomas Lee, he believes Bitcoin can close this month at a price between US$150 thousand and US$200 thousand.
"I think we can still reach US$150 ( thousand) or US$200 ( thousand) for Bitcoin, and then around US$7,000 for Ethereum," as reported in an interview with CNBC Television on YouTube, Monday (03/11).
_Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)._
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**Almost Every December Bitcoin is Red, How About This Year?**
In the journey of Bitcoin (BTC) in December every year, the majority of its price is colored red, meaning it is down.
It is recorded that in the past 6 years, Bitcoin has declined with details of a 5.15% drop in 2019, a plunge of 18.9% in 2021, a decrease of 3.59% in 2022, and a drop of 2.8% at the end of last year.
However, Bitcoin only turned green in 2020 and 2023 with increases of 46% and 12%, respectively.
However, according to Managing Partner and Head of Research at Fundstrat Global Advisors Thomas Lee, he believes Bitcoin can close this month at a price between US$150 thousand and US$200 thousand.
"I think we can still reach US$150 ( thousand) or US$200 ( thousand) for Bitcoin, and then around US$7,000 for Ethereum," as reported in an interview with CNBC Television on YouTube, Monday (03/11).
_Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)._
-# Image Source: Crypto Academy