Bitcoin may experience a short-term downside around December 14, according to analysis from CoinEdition. Analyst Crypto Rover highlighted a recurring timing pattern, noting that for the past six months, Bitcoin has seen pullbacks or reversals around the 14th of each month. Currently, Bitcoin is priced at $90,519, reflecting a 1.9% decrease over the past 24 hours and a 12.5% decline for the month.
Analyst Joep suggests that Bitcoin's short-term trend has been broken, indicating a potential drop towards $80,000. However, other analysts emphasize that Bitcoin's price is influenced by multiple factors, suggesting caution in relying solely on timing patterns for predictions.
Bitcoin Faces Potential Short-Term Downside Amid Recurring Pattern
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
