Markets Slide as Speculators Prepare for December0.72

It seemed like an eternity, but November has finally concluded, thus ending the worse month in the past seven years for Bitcoin. After November woes typically comes an exciting December. Last year, after dipping to local lows in November of US$6,000, Bitcoin saw an explosive rally to its all-time high of $20,000 the following month. Will the holidays bring joy to crypto markets this year?

Yesterday, moon calls were spread as December had surely began with a bang. Bitcoin had shot up from a slump at US$3,900 to $4,300. The $4,300 mark proved to be a point of resistance, as the leading cryptocurrency flirted with that price throughout the day before inevitably falling back into the $4,100 range.

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