Bitcoin (BTC) enthusiasts are dissecting the cryptocurrency’s monthly candlestick with a mix of cautious optimism and strategic vigilance as November draws to a close. Crypto analyst Daan Crypto Trades recently shared a compelling monthly timeframe chart on X, highlighting BTC’s price action from 2021 through a projected 2026. Trading around $91,276 at the time of the post, the asset’s latest candle isn’t a picture-perfect green doji but far from a catastrophic red marubozu.
Higher Highs, Higher Lows Define the Macro Trend
It’s a neutral-to-bearish formation that underscores the market’s current indecision, yet the overarching bullish structure remains firmly intact. Diving into the technicals, the chart reveals a series of higher highs and higher lows since the 2022 bear market nadir. Key support zones, particularly the $80,000 region—aligned with previous resistance turned floor—have held as a psychological and structural bulwark. This level, marked by prior consolidation and Fibonacci retracement extensions, acts as a litmus test for the bull thesis. A retest here could signal profit-taking or institutional repositioning, potentially shaking out weaker hands before the next leg up.
December’s Historical Volatility: Friend or Foe?
However, as long as BTC respects this threshold, the path to $100,000 and beyond stays viable, buoyed by diminishing supply on exchanges and ETF inflows that have redefined institutional adoption. December’s arrival amplifies the stakes. Historically, the final month of the year has been a volatility vortex for Bitcoin, especially in mature bull cycles. Data from past cycles shows average swings exceeding 20%, driven by year-end tax maneuvers, holiday liquidity dips, and macro catalysts like Federal Reserve signals or geopolitical shifts. In 2021, BTC surged 60% through December; in 2017, it rocketed over 90%.
On-Chain Metrics Support Accumulation Thesis
Conversely, 2022’s bearish close saw a 10% dip, reminding traders that “up or down, action is abundant.” With the 2025 halving’s afterglow still fresh and spot ETF approvals cementing mainstream integration, this December could catalyze a breakout—or a shakeout—toward cycle highs. For bulls, the mantra is clear: structure over aesthetics. While the candle’s wick probes lower shadows, on-chain metrics like rising HODLer conviction and stablecoin inflows suggest accumulation persists. Altcoins may steal the spotlight if BTC consolidates, but the king remains the volatility kingmaker. As we flip the calendar, eyes on $80K: hold the line, and 2026 could dawn with parabolic promise. Traders, buckle up—December’s script is unwritten, but Bitcoin’s plot twists never disappoint.