Bitcoin bull market over? ‘Decembear’ has only sent BTC price 2% lower

Bitcoin needs to dip much harder to deliver even standard December downside, data shows, as BTC price targets continue to focus on the mid-$80,000 area.

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Bitcoin (BTC) has lost less than 2.5% in December as traders look toward the monthly and yearly candle close.

BTC/USD 1-month chart. Source: Cointelegraph/TradingView

Data from Cointelegraph Markets Pro and TradingView confirms that despite strong selling in recent days, BTC/USD remains up nearly 50% in Q4 alone.

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