🚨Bitcoin Trends in December: Historical Perspectives and Recent Performance.
Coinglass data shows that Bitcoin has experienced mixed results in December, with six declines and five gains over the last 11 years. The most significant increase was recorded in December 2020, with a rise of 46.92%, while the largest drop occurred in December 2013, with a decrease of 34.81%. It is noteworthy that Bitcoin has shown a pattern of increase from September to the end of the year whenever it records gains in September. This year, Bitcoin recorded a 7.35% increase in September, marking its best performance for that month in history.
Additionally, the first quarter tends to be a key period for fund allocation by management companies, which tends to happen at the end of the year. In the last five years (2019-2023), four years have experienced upward trends during the holiday season, and only in 2021 was there a recession after Christmas, marking the end of the previous bull market.
Bitcoin has shown a consistent pattern of increase from September to the end of the year when it registers gains in September.
Recent performance has been mixed, but with a pattern of upward trends during the holiday season. -Recent performance of Bitcoin suggests bullish potential for the first quarter, which could influence fund allocation by asset management companies.
Recent performance of Bitcoin suggests bullish potential for the next quarter, which could positively influence fund allocation and market confidence.
