- Bitcoin has surged by 39.72% over the past month.
- An analyst predicted a December rally to up to $140k, citing historical performances.
After the U.S. presidential elections, Bitcoin [BTC] saw an exponential surge, hiking from a low of $66K to a new all-time high of $99,800.
However, since hitting this high, it has experienced a market correction, going back down to $90,742. This increased market volatility has left crypto analysts conflicted, with some optimistic over a surge past $100k while others saw a potential decline.
One of these optimistic analysts is the popular crypto analyst Ali Martinez, who has suggested a December rally, citing U.S. presidential elections.
Bitcoin’s historical performance
In his analysis, Martinez posited that Bitcoin has historically surged in December after the U.S. presidential elections.
