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!
Don't over think the behaviour of bitcoin price and don't listen to any advice of it going to a particular price, be a neutral person and avoid the FUD or any hype. I wouldn't tell you yes or no but my advice is this; if you have the intention to buy bitcoin, do so ad don't procrastinate about it, my reasons are is because it is at the point where you wouldn't have loss if you hold in for the long term, the demand in this support zone are massive and market makers are also doing anything possible not to go beyond $29k, halving is fast approaching than we anticipate, so, there is assurance that this force will help you minimize your risk if you invest wisely.