Bitcoin's market performance during the Christmas period over the past several years has been as follows:
- 2022: Decrease of 2.7%
- 2021: Decrease of 11.9%
- 2020: Increase of 22.3%
- 2019: Decrease of 1.1%
- 2018: Decrease of 5.3%
- 2017: Increase of 4.1%
The few Christmas I witnessed in this forum(2021 and 2022), there's one thing that is common among them and that is price decrease in the Christmas day. I understood that it is because of some sell pressure by people who wants to enjoy their Christmas day with friends and loved ones. Currently, the reduction in price during yesterday Christmas was expected but it was moderate as the bitcoin price is currently still in the range of $$42, slightly off the $43 range.
If this Christmas didn't reduce the bitcoin price much, it shows that the bullish market is very much around. This is another evidence. Meanwhile, I will go and check what really happened the past years after the Christmas day. It can give me the clue of what I will be expecting this time.