The declining prices of Bitcoin at the end of 2021 do not differ significantly from the 8 previous year -end cycles - markets and prices
The declining prices of Bitcoin at the end of 2021 do not differ significantly from the 8 previous year -end cycles - markets and prices
Bitcoin-dendes-2021.jpg" Class = "Story__img Article__Poster" Alt = "The declining prices of Bitcoin at the end of 2021 do not differ significantly from the 8 previous year -end cycles" Loading = "Lazy">
The price of Bitcoin has fallen by more than 33% compared to the all-time high of the crypto asset, which was reached on November 10 about a month ago. Some time ago, people expected the Bitcoin price to be extremely bullish in November and December, and many expected a Bitcoin price of USD $ 100,000 by the end of the year. In the past 13 years, however, Bitcoin prices have been declining in the last two months of the year.
The end of the bear's market mood in 2021 is a frequent event if you look at the previous Bitcoin years
There were a few occasions in which btc had a monumental November and December regarding the price gains. This year was not so bullish and people don't know that these months were bearish most of the Bitcoin life. After Bitcoin, for example, from September to November 2010 after November 10th, just like this year, a real value and a USD exchange rate, btc slid from a maximum of $ 0.35 per unit by December 10, 2010 to $ 0.17. This is a loss of 51.42% of the Fiat value of Bitcoin over 30 days 11 years ago.
in 2011, btc had a decent bull run, from 2 USD per unit in mid-November to 6 US USD value by 200 %. In 2012, Bitcoin ( btc ) fluctuated between 10 and 13.50 US dollar in the months of November and December. The price was already $ 13.50 per coin in August and remained lackluster until January 2013. In 2013 in the months of November and December, btc The course of ’s was again bullish. Mid-December 2013, btc ’s price was very close to 1,200 USD per coin.
The months of November and December 2014 were declining, since btc from $ 471 Pro in mid-September to just over $ 300 per co. 2014. The price of btc lost 33.12 %during 2014. The price of btc 2015 was again Bärisch during the two months and the price in November and December was bullish. 2017 was a bullish time for btc during these two months, since the price was very close to 20,000 USD per unit.
In the following year, in the first week of November 2018, btc s course was declining and was estimated at 6.376 USD per unit. In the first week of December 2018, the price was 4,139 USD Pro btc . One can certainly say that these two months were bearish and at the end of the year btc was traded for $ 3.865 per unit. In 2019, approximately in October, btc Thanging for $ 9.223 Pro btc and on November 4, 2019 it was for 9.424 USD Pro. traded coin. Ten days later btc exchanged for $ 8.639.18, and until December 23, 2019, Bitcoin exchanged his hands for 7.324 $ per unit. The last two months of 2019 were definitely declining in relation to the price movement.
after the Bullisches increase in November and December in 2020, the price of Bitcoin is still 90% higher than in the previous year
The end of 2020 was decent for Bitcoin ( btc ) Prices and on October 13, 2020 the value of Bitcoin 11.425 Pro was Coin. Ten days later, the price was $ 12,931 and at the end of 2020, on December 23, btc swapped the hands for 23.241 $ per unit. The data clearly show that November and December 2020 considered Bitcoin as Bullische two months ( btc ). Of course, we all know what happened in 2021 and the new Bitcoin price highs that were recorded this year.
Despite btc 33% below the all-time high of the crypto-assets of $ 69,000 per unit, it is still 90% above the last year, which he is still this time held. Bitcoins ( btc ) was the price mood in November and December 2021 and was in a continuous downward trend. Bitcoin advocates have to wait and see how the rest of December 2021 develops and whether it is miraculously changed from Bärisch to Bullisch by then or until the first month of 2022.
If the last two months of the first year of Bitcoin (2009, without real prices) are considered bears and November and December 2021 are also considered bears, then only 5 of the 13 years of the existence of Bitcoin have experienced November and December time interval for btc .
What do you think about the price of Bitcoin in the last two months of each year? Would November and December 2021 describe bear? Let us know your opinion on this topic in the comments below.
Photo credits : Shutterstock, Pixabay, wiki commons, lookintobitcoin.com,
Kommentare (0)