Matrixport: Bitcoin's December trend and the fourth quarter altcoin rebound may signal a strong performance by the end of the year

ChainCatcher news, Matrixport released today's chart stating that historically, Bitcoin's performance in December has been mixed, with 6 months recording positive returns and 4 months negative returns, resulting in an increase rate of about 60%. Nevertheless, the average return in December remains robust at 9.6%+. If this trend continues, Bitcoin is expected to challenge the $110,000 level by the end of the year.

Seasonal patterns indicate that the fourth quarter is typically the strongest period for market performance, so it is not surprising that the anticipated altcoin rally starts during this phase.