I've heard so many times about the effect of Chinese New Year on crypto market. The thesis is chinese new year may cause a periodical market anomaly every year.

It is well known that in stock markets may occour periodically at the same dates of the year like holiday effects etc.

Do you think it can be also a factor for crypto market and bitcoin price?

Below see a chart that shows the monthly bitcoin price changes since 2015.


5 days left for the Chinese New Year. Do you think this year will be same as previous ones or chinese new year thesis will be refutated?

We will wait and see.