Bitcoin (BTC) experienced a rather turbulent end to November, reaching a local bottom of $90,796 on Tuesday. Notably, the market bulls have shown some resilience in the past few days producing a market gain of 5.9% to move the digital asset back above $96,000. Interestingly, as December begins, popular market analyst Ali Martinez has backed BTC to resume its uptrend reaching a potential price target of $140,000. Related Reading: Bitcoin Funding Rates Surge 20% On Major Exchanges — What’s Happening? Prepare For Bullish December – Analyst In an X post on November 30, Martinez predicted Bitcoin is likely to maintain a positive performance going into the last month of 2024. So far, the crypto market leader has captured significant investor interest in Q4 2024, gaining by 10.76% in October and 37.99% in November. The BTC market has been strongly bullish, driven by several factors including the recent Fed rate cut in November, Donald Trump’s electoral victory, and high market inflows into the spot Bitcoin ETFs. Moving forward, December historically presents itself as a two-phased month for Bitcoin proven by an average return of 5.45% and a median re ..
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