Bitcoin has made history with its largest monthly gain ever recorded, closing the November month at $96,400 and finishing up 37% from the previous month’s close. The significant price increase marks a new historic record for BTC/USD.
Economist Carl Menger stated that this development is “just the beginning” of Bitcoin’s journey. Analysts, such as Aksel Kibar, believe that reaching $100,000 could be a significant milestone but consider it neither technically nor psychologically important. Some traders predict that hitting this price mark will bring substantial gains in 2025.
Looking ahead to the next month, Skew and Daan Crypto Trades are closely monitoring key levels such as $97,000 and $98,500. If these levels break, it could push Bitcoin’s price above $100,000. However, experts emphasize that volatility is expected to return after futures reopen.
It’s essential for investors and traders to conduct their own research before making any decisions.
Source: https://cointelegraph.com/news/bitcoin-26k-record-monthly-btc-price-gain