Eyes on $40,000 Bitcoin price in short-term

Currently, all eyes are on where Bitcoin will trend next in the short term, with a target price of $40,000. December has historically been a mixed month for Bitcoin.

According to CoinGlass data, Bitcoin rose only in 2020 over the previous five years, but the magnitude of the rise (46.92%) was significant. With the current rally, bulls may attempt to replicate the performance this season. According to Bloomberg, the pattern of positions in the Bitcoin options market hints at a trading range of $37,000 to $40,000 in December.