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!
Markets are for the most part never that obvious and the answer for it is in your post, even if you were right about your observation, which you are not as other members of the forum have shown to you, and traders began to take action expecting this drop on the price, the increased demand for bitcoin will have the opposite effect and make it to go up in value, or at least counter that downward tendency, remaining stable and prove you wrong anyway.