Bitcoin’s recent decline may seem concerning, but K33 Research believes December could signal a turnaround for the cryptocurrency. Despite a significant correction, the firm sees more signs of a rebound than a further collapse.

BTC has been impacted by a wave of selling, particularly from spot bitcoin ETFs and decreased CME futures activity. Its price has also underperformed equities, reaching its lowest level against the Nasdaq since late 2024.

K33 argues that the market is overreacting to distant threats while overlooking current indicators of strength. Factors like bitcoin trading near historical support levels and cautious futures positioning suggest potential for upside.

Long-term concerns, such as quantum computing risks and potential instability at Tether, are unlikely to impact bitcoin in the near future. K33 believes the focus should be on upcoming policy changes and a shift towards crypto at the Federal Reserve.

While the market remains cautious, K33’s outlook suggests December could present opportunities for strategic positioning in the cryptocurrency space.

Read more at Yahoo Finance: Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research