Post
Topic
Board Trading Discussion
Topic OP
Bitcoin price and January
by
reactorjuno
on 07/01/2019, 06:58:01 UTC
Hi folks,

It will probably not be a very popular thread but I'll go for it.

We noticed several times now that Bitcoin has a strange tendancy to go down in January, pretty much every year. It was definitely the case in 2018 (happy new year by the way).

Context is very different in 2019, but we had similar cases, for example a crash in January 2015 > https://www.cnbc.com/2015/01/14/bitcoin-falls-below-200-making-some-investors-worry-about-downward-spiral.html

I know many don't want to hear that but just curious, it could very well happen again. Some say this is due to Chinese new year (people cashing out to buy again in March or April). I am not sure but I am curious if it happens again this year, we could go back to a price near $3000 per coin.

Just some thoughts, perhaps some of you are anticipating such trend again.

Any constructive opinion welcome.