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%
Since 2017, over the seven days following Christmas, the probability of a price decrease has been over 66%. This trend indicates a prevalent likelihood of a decline in Bitcoin's value during this particular period. It's noticeable that the market sentiment during Christmas for Bitcoin hasn't exhibited consistent bullish behavior, as evidenced by the majority of the years showing a decline in value or a relatively modest increase.
However, past performance is not indicative of future results, and various factors can influence Bitcoin's price movement beyond historical patterns.
Based on the information you have shared, it doesn't seem like there is much chance for the Bitcoin price to go up on Christmas. It is also easy to predict that the price may either remain stable, or there will be a higher chance of a downward trend. Apart from history, the reason for this is that people often go on vacation at Christmas, and because of the vacation, they often spend more time with their families. Majority of people exit the cryptocurrency market, due to which trading is negligible, and this will definitely have an impact on the market.
when the capital does not come in then the market price may go down instead of up. However, I don't think we can see any significant increase in the price of Bitcoin this Christmas. Different factors can influence each time.There is no specific period at which various factors may affect the market a lot.However, many experts are thinking that the last week of the year may be bearish in the market.