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Bitcoin Recorded a 34% Increase in November with Remaining Potential

Significant increase in November: Bitcoin recorded a 34% increase in November 2024, indicating that the bear market is not yet close. Historical and moving average indicators confirm that current growth has plenty of room.

Current market phase is bullish: Bitcoin is in a bullish phase, where prices rise steadily with strong participation from investors. This bullish phase has not yet transitioned into a heated bullish stage, allowing time for growth before adjustments.

Why price corrections are important?: In previous bullish markets, there have been price corrections, such as in 2017, Bitcoin dropped by 22%. This shows that volatility is an important aspect of the market.

This is community-generated content, not advice from ONUS.
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