Bitcoin (BTC) finished the month of November with a decline of about 7%. This was in sharp contrast to the prediction of the “worst-case scenario” of $98,000 by PlanB, the creator of the popular stock-to-flow model. Although the analyst described it as a “big miss”, he said he would give the Floor model one more month.

In its latest “Week On-Chain” report, Glassnode analysts said that Bitcoin’s correction in November was the “least severe in 2021.” Analysts now expect Bitcoin to witness a Santa rally, similar to the 47% up-move in December 2020 or the sharper 80% surge that occurred in December of 2017.

Daily cryptocurrency market performance. Source: Coin360

In another positive news for Bitcoin bulls, Bloomberg senior exchange-traded fund (ETF) analyst Eric Balchunas said that “Fidelity Advantage Bitcoin ETF” was awaiting regulatory approval to be listed on a Canadian exchange. If that happens, Fidelity would become the largest management company to offer a spot-based Bitcoin ETF.

Can bulls sustain the current momentum after starting December on a strong footing? Let’s study the charts of the top-10 cryptocurrencies to find out.