The post Bitcoin’s December Trends: Historical Increases and Insights Ahead of Year-End Rally appeared on BitcoinEthereumNews.com.

COINOTAG reported on December 23rd that an analysis of Bitcoin’s price history reveals intriguing trends for the month of December. According to data from Coinglass, Bitcoin has experienced six price declines and five increases in December across its history. The highest recorded spike occurred in December 2020, with an impressive gain of 46.92%, while December 2013 witnessed the largest decline at 34.81%. Notably, when Bitcoin has shown a price increase in September, it has historically sustained its upward momentum through December. This year, Bitcoin’s 7.35% increase in September marked its most successful performance for that month to date. Furthermore, the first quarter is often pivotal for asset management firms reallocating annual budgets. Over the past five years (2019-2023), a notable trend has been the emergence of a bull market during the Christmas period in four of those years, with only the year 2021 deviating from this trend. Source: https://en.coinotag.com/breakingnews/bitcoins-december-trends-historical-increases-and-insights-ahead-of-year-end-rally/

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Filed under: News - @ December 23, 2024 1:47 am