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?
Because people are not doing much during winter and they do not spend money on stuff as much as they spend on summer so they usually have leftover cash.
For example, during summers you go out to a place, have a dinner, maybe go out to drinking, maybe see a show, go to vacation and all that. However during winter you go to work and you go home, which means you save money. This is one of the biggest reasons why bitcoin goes up during winters because people have leftover cash to invest into bitcoin and another big reason why the price goes back down during summers because people cash out and spend it on vacations.