Post
Topic
Board Bitcoin Discussion
Re: December Has always Proved to Be a Good Month For Cryptocurrency industry
by
Smartprofit
on 02/12/2022, 12:00:03 UTC
I know I am not pro or old here but I know little bit. I was saying that Bitcoin is just had always proven good start in December month and in first Quarter of New year and If history repeats than this will also be like God start of crypto Rally and I hope in this timeframe btc might go Upto 36k dollars before May crash.
We know that we cannot speculate Bitcoin price But I can say that as history repeats we can get chance and also a better judgement and it can be very risky.
That's Why Do your own research before putting money.

Yes, the price of bitcoin very often rises in November and December and falls in January and February.  This is due to several reasons. 

Firstly, such price dynamics is associated with the peculiarities of the tax system in the United States and other countries. 

Secondly, many people take profits on New Year's and Christmas.  New Year is a time to take stock and buy gifts for family and friends. 

Thirdly, January and February are the time of winter depression.  People's mood worsens, optimism decreases and they begin to believe less in the prospects of the first cryptocurrency. 

But I don't really believe that the price of Bitcoin will reach $36,000 in December.