I also feel surprised, this year's November and December should have been a sharp decline, but instead the market is moving up and seems unpredictable, is this something real and can change the historical charts, but many say that history will always repeat itself, or is it too much? lots of intervention from various parties so that the market pattern changes drastically?
Market patterns will not always be the same every year and it is very natural that you have seen changes in market patterns this month. Because the sense that history may repeat itself is at the rate of increase and decrease only, not in what month Bitcoin will decrease or in what month Bitcoin will increase. So you have to understand this differently because the pattern of increases and decreases for Bitcoin will always exist, but no one will be able to guess exactly in what month these two things will happen again for Bitcoin.
The world of trading is always dynamic and what we previously predicted would and might happen sometimes does not happen referring to event data and today there was a reversal. Personally, I might not focus too much on this, indeed history is data that is very helpful in analysis when the role returns. If you want to maximize all components must be estimated, especially now. Regarding market sentiment, in my opinion there is more good than bad so that investor expectations no longer hesitate and think a lot about entering the market. Additionally, I think it's time for BTC to recover after a deep correction in early 2023.
Bitcoin's recovery at the end of this month was also caused by the increasing confidence of new investors this year in Bitcoin, so what we are seeing now is a very natural thing to happen to Bitcoin because market conditions are now slowly starting to improve. Investors' expectations for next year are so high that there are many investors who want to spend their money to buy Bitcoin this year to get what they are dreaming of now through the crypto space.
I'm thinking how would he call November and December to be a Sharp Decline ? maybe November has a little bit but December? am not sure if this is truly a bad month because according to my experiences?
December is the most bullied Month of the year but not the whole month because mostly it changes before the month ents.
and according to what expected by some predictors ? we will be hitting 40k and above by this end year.
If we look at several years, especially in December, there are always price changes in the market for Bitcoin, whether it is a change from an increase in price to a decrease or vice versa, as we are seeing now. I also think that what some forecasters are hoping for will probably happen this year, namely for $40K in the price of Bitcoin even though for now the price of Bitcoin itself is still at $38K, but there is a possibility that Bitcoin could be at $40K next month If price improvements like now can continue to occur in the market.