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Bitcoin development in December - 3 possible scenarios at the end of the year



Bitcoin has lost a lot of its value in the past few weeks. Most investors and analysts hoped that Bitcoin could approach $ 100,000 by the end of November. What's next with the cryptocurrency? We present 3 Bitcoin scenarios for December.

Massive run towards $ 100,000

This scenario is likely to be what most investors hope for. In this case, the great parabolic run of bitcoin has only shifted slightly. The Bitcoin price will move towards the all-time high again in the course of December. If we get further support above $ 60,000, a massive parabolic slope could set in . The rate would approach $ 100,000.

The historical course of the Bitcoin speaks for this positive scenario. The current cycle is extended. But in the end there could be another massive run. Bitcoin peak would then be reached in January instead of December. The cycle would have been extended by a month. There is also evidence that the “Realized Cap” of Bitcoin will continue to rise. Bitcoin still appears to be extremely undervalued.

Slow recovery towards an all-time high

In the second scenario, we see a rather slow recovery of the Bitcoin price in the next few weeks. Due to the great fear in the market, the recovery could take longer. While bullish tendencies are emerging, we don't see any major breakthroughs until the end of the month. This would put us behind the all-time high of early November by the end of the year.

This scenario seems a little more likely as the jump to the all-time high is now very high. For the first time, trust must be regained. Furthermore, it cannot be ruled out that whales will again intervene massively in the market in order to keep the price low and to accumulate. The peak of the Bitcoin bull market would then probably move from December to February or March 2022.

Bearish scenario

In this case, the Bitcoin price would continue to behave bearishly. We may drop to $ 43,000 and continue to recover slowly. December would close under $ 50,000. Does this scenario then mean the end of the bullish cycle? Rather not. The Bitcoin peak could now move into Q1 or even Q2 2022.

Even with bearish numbers for Bitcoin in December, we shouldn't panic. It is very likely that the Bitcoin cycle has now changed significantly. But a peak of $ 68,000 four years after a peak of nearly $ 20,000 contradicts almost all models of Bitcoin's performance. In addition, the Bitcoin adaptation has developed so strongly in the last 4 years that this 3.5-fold increase seems illogical.

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