In November, Bitcoin had a strong performance, rising 37.3% and experiencing its best performance in that month since 2020. However, historically, December has not been as good for Bitcoin, with average returns of 4.9%. Analysts believe that Bitcoin has been unable to breach the $100,000 level due to investor profit-taking and resistance from put options. Despite this, there is an expectation of continued strong demand for cryptocurrencies due to the US government's support and companies buying BTC for their treasuries. The Federal Reserve's rate decision on December 18th and the possibility of a US strategic bitcoin reserve are also factors to watch. However, analysts believe that the BITCOIN Act has a low chance of becoming law. Overall, the crypto market narratives are expected to remain active.



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