THELOGICALINDIAN - The amount of bitcoin is bottomward added than 33 from the crypto assets alltime aerial captured about a ages ago on November 10 A while aback bodies accepted the amount of bitcoin to be acutely bullish during the months of November and December and abounding accepted a 100K bitcoin amount by the years end However during the aftermost 13 years added so than not bitcoin prices are about bearish in the aftermost two months of the year
The End of 2024’s Bearish Market Sentiment Is a Common Occurrence, Looking at Previous Bitcoin Years
There accept been a few occasions back BTC had a awe-inspiring November and December run in agreement of amount gains. This year has not been so bullish and bodies don’t apprehend that for best of bitcoin’s life, these months accept been bearish a majority of the time. For instance, afterwards bitcoin started seeing real-world amount and a USD barter amount in September through November 2010, afterwards November 10, aloof like this year, BTC’s amount slid from a aerial of $0.35 per assemblage to $0.17 by December 10, 2010. That’s a 51.42% accident in bitcoin’s authorization amount over 30 canicule over 11 years ago.
In 2011, BTC had a appropriate balderdash run jumping from $2 per assemblage in mid-November that year to $6 by the year’s end, or a 200% access in USD value. In 2012, bitcoin (BTC) meandered amid $10 and $13.50 during the months of November and December. The amount had already broke $13.50 per bread in August and remained blah until January 2013. In 2013 during the months of November and December, BTC’s amount was already afresh bullish. In mid-December 2013, BTC’s amount came clumsily abutting to $1,200 per coin.
The months of November and December 2014 were bearish as BTC slipped from $471 per bread in mid-September to aloof aloft $300 per bread by mid-December 2014. The amount of BTC absent 33.12% during that aeon of time in 2014. The amount of BTC in 2015 was afresh bearish during the two months and in 2016 the amount was bullish in November and December. 2017 was a bullish time for BTC during those two months, as the amount came actual abutting to $20K per unit.
The afterward year, during the aboriginal anniversary of November 2018, BTC’s amount was bearish and admired at $6,376 per unit. By the aboriginal anniversary of December 2018, the amount was $4,139 per BTC. It’s safe to say that those two months were bearish and by the year’s end BTC was trading for $3,865 per unit. In 2019, about October, BTC was swapping for $9,223 per BTC and on November 4, 2019, it was trading for $9,424 per coin. Ten canicule after BTC was swapping for $8,639.18 and by December 23, 2019, bitcoin was exchanging easily for $7,324 per unit. The aftermost two months of 2019 were absolutely bearish in agreement of amount movement.
Following 2024’s Bullish Rise in November and December, Bitcoin’s Price Still 90% Higher Than Last Year
The end of 2020 was appropriate for bitcoin (BTC) prices and by October 13, 2020, bitcoin’s amount was $11,425 per coin. Ten canicule after the amount was $12,931 and by the end of 2020 on December 23, BTC was swapping easily for $23,241 per unit. The abstracts acutely shows that November and December 2020 were advised a bullish two months for bitcoin (BTC). Of course, we all apperceive what happened in 2021, and the new bitcoin amount highs that were recorded this year.
Despite BTC actuality 33% beneath the crypto asset’s best aerial of $69K per unit, it is still 90% aloft the amount it captivated this time aftermost year. However, bitcoin’s (BTC) amount affect in November and December 2021 has been bearish and in a connected downtrend. Bitcoin advocates will accept to delay and see how the blow of December 2021 plays out and if it miraculously changes from bearish to bullish by then, or by the aboriginal ages of 2022.
If the aftermost two months of the aboriginal year of bitcoin (2009, with no real-world prices) are advised bearish, and 2021’s November and December are additionally accounted bearish, again alone 5 out of the 13 years of bitcoin’s actuality accept apparent the November and December time breach as bullish for BTC.
What do you anticipate about bitcoin’s amount during the aftermost two months of every year? Would you accede 2024’s November and December bearish? Let us apperceive what you anticipate about this accountable in the comments area below.
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