[Analysis] "Bitcoin, Expected to Reach 11 Million Dollars by Year-End"
Son Min
Summary
- An analysis has emerged stating that Bitcoin is expected to reach 11 million dollars by the end of the year.
- Over the past 10 years, Bitcoin's average December rise rate is known to be 9.6%.
- If such a pattern repeats, Altcoin can also expect a good price increase.
An analysis has emerged stating that Bitcoin is expected to reach 11 million dollars by the end of the year.
On the 2nd (local time), Metrixport reported that "analyzing Bitcoin charts over the past 10 years shows that it rose 6 times and fell 4 times in December," and "the average return rate is 9.6%." It further predicted that "if such a pattern repeats, Bitcoin will reach 11 million dollars by the year-end."
The report stated, "The fourth quarter is a season showing strong growth in the virtual asset market," adding that "Altcoin can also expect a good price increase."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit