Bitcoin is the most popular precious currency in the online exchange market. If you look at the statistics of the past year, end of the year it is seen that almost every year the price of Bitcoin increases and the market volume is also very high.
But it is not seen in the middle of the year. But why does this happen, have any reason?
Will the same statistics be seen in the end of 2018?
People has many at the end of the year because of christmas bonuses or any other bonuses or incentives that they would be receiving at the end of the year and many of them would consider putting it into something that they can benefit for a long time and cryptocurrencies would be one of the options that's why there is a tendency that price would increase at the end of the year.
Maybe because at the end of the year people finished most of their expenses and have some spare money to invest and they choose cryptocurrencies. Last year it was too overhyped.
Yes, it was hype and maybe it would hype this year too as we don't know for sure what will happen at the end of the year. Given that we are waiting for good news like ETF which has a possibility of pumping the price then maybe price would rise sooner than expected.