K33 Research sees high probability of BTC rebound in December

The recent Bitcoin correction is approaching a bottom signal, with December potentially serving as a turning point, according to an analysis by K33 Research. The firm noted that while selling pressure has come from net ETF outflows and reduced CME futures trading, these factors are mitigated by a low leverage burden and a strong support zone between $70,000 and $80,000. K33 Research also explained that it expects a structural uptrend driven by favorable, crypto-friendly policy changes.