One can argue that perhaps it’s due to the strong YTD performance in 2024 (which I can’t compare easily to 2020 and 2016 on these charts, but I’m pretty sure that’s true).
However, with all that said, what are your thoughts for next week? Either for 12/31 or 1/3?
This is most definitely because of the year pump if you look at the other years you have used to correlate with 2024 you will be able to see that their is variation in the days of the month that the market actually pumped. For the past years they had the pump in the early days of each month and also have their corrections same month because of the days difference, but this year most especially the month of November I think I can remember that the market pumped towards the ending of the month and this wasn’t just any month but one which set an historical price record of $100k therefore it leaves bitcoin market in December to be in a heavy correctional phase due to those who are mostly taking profits