The post Bitcoin Price Repeating December 2023’s Playbook: Is The ‘Actual Breakout’ Yet To Come? appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) tries the $100,000 support zone after falling to $98,000 during the recent market shakeout. According to some market watchers, the flagship crypto’s recent performance resembles its December 2023 trajectory, suggesting that BTC might see a massive breakout soon. Bitcoin Price Mirrors December 2023’s Performance On Wednesday, Bitcoin and the rest of the crypto market saw a massive correction after the US Federal Reserve (Fed) announced a 25-basis-point rate cut and signaled fewer cuts than expected in 2025. The flagship cryptocurrency dropped 9.2% from its $108,135 all-time high (ATH), briefly falling below the $99,000 on support before recovering. BTC quickly climbed back to $100,000, surging 2% on Thursday morning to the $102,000 resistance. After the dump, crypto trader Follis suggested that this month’s price action mirrored BTC’s 2023 trajectory. The trader stated that Bitcoin was “repeating the December playbook from last year,” forecasting that a pump to a new high is coming soon. Per the chart, BTC moved within the $40,000-$45,000 price range before breaking out in January 2024. The breakout was followed by a significant 20% correction to the previous consolidation zone, briefly dipping below this range. However, Bitcoin reclaimed the breakout levels in the following weeks and surged another 47% to its March ATH of $73,000. If the largest crypto by market cap continues to follow this “playbook,” then its price could see a correction below $88,000 by year-end before resuming its bullish run to new highs. Similarly, Daan Crypto Trades pointed out that BTC’s performance in Q4 resembles its Q4 2023 price action. The analyst stated that Bitcoin will likely continue the “slow hoppy grind up before the actual breakout” happens. He recommended “zooming out” as the short-term chart “doesn’t look pretty” but noted that BTC’s price is still “trending up slowly.” Analyst Warns Of BTC’s…