Bitcoin experienced a significant rise in November 2024, increasing by 37.3% following the U.S. presidential election. This trend has been observed historically, where Bitcoin tends to perform well in the month following election years.
Analysts forecast that, based on these trends, Bitcoin could potentially achieve a new all-time high in December 2024. The projected price target is $115,000, aligning with historically observed increases of 30% to 46% in similar periods.
This optimistic prediction is founded on historical data and analysis by SpotOnChain, which closely tracks Bitcoin's price movements post-election.
