Although extreme market fluctuations seem to have calmed for now, Bitcoin’s latest movements are encouraging, having recently risen over $92,000. Backtracking briefly, it wasn’t long ago that Bitcoin faced a sharp drop, falling over $15,000 after peaking at over $107,000 in mid-November and hitting a troubling low just above $81,000 shortly after.

As fears of a potential ending to the bullish trend rose, Bitcoin found its footing by the weekend, settling near the $84,000 mark. The asset’s recuperation was gradual, with fluctuations bringing it close to the $88,000 level multiple times throughout the week. After pushing past some resistance, Bitcoin achieved a high above $90,000 and reached over $92,000.

This recovery was accompanied by a market capitalization nearing $1.850 trillion, despite some altcoins surpassing Bitcoin’s performance during the week. Notably, ZEC has suffered a notable decrease of over 25%, and the overall crypto market cap has increased by $300 billion, totaling approximately $3.230 trillion.

As we look ahead, history cautions that the upcoming December period may not favor Bitcoin, suggesting we remain vigilant for what that might entail.