With my little experience in Bitcoin I've discovered over a range of 2 consecutive years precisely 2021 and 2022 that as we approach end of year the price of Bitcoin falls tremendously
Please why is this and could it be that the digital currency is likely wanting to create a window for people to make use of the opportunity for other investors or what?
I expected normally that during the periods of end of year's festivity there should be a rise in Bitcoin price that is sustained for let's say 5 months after with little fluctuations but it's not been so. My point is why does this happen as we draw to the close of year so far?
What's your take on my observation? Have you noticed this too?
What could be the reason behind it?
Your response is appreciated!
Price of BTC depends on a lot of factors and this the one you mentioned is not one of them because at the end of every year most of the companies or BTC holders paying taxes try to sell there BTC to avoid some Taxes and in that spiral supply increases over demand but that's just my assumption so do not depend on it. The dip back in 2022 December was due to FTX shit and some other shits and back in 2021 the price of BTC dropped why? here are some factors to shed an eye on -->
https://www.reuters.com/technology/bitcoin-extends-downtrend-falls-121-47176-2021-12-04/I think we should not take these measurements as indicator because these are not.