Where is Bitcoin headed after the resounding FTX crash?.. Analysis reveals historical scenario

Where is Bitcoin headed after the resounding FTX crash?.. Analysis reveals historical scenario

The seasonal cryptocurrency pattern points to further losses for Bitcoin in December, following the resounding collapse of the FTX exchange.

The largest cryptocurrency tumbled 16% in November. Historically and over the past decade, its weakness has continued in December after declines in the previous month, according to data compiled by Bloomberg.

This pattern was clearly demonstrated in 2018, 2019 and 2021, leaving an average December decline of almost 11%.

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