#ChristmasMarketAnalysis Over the past 10 years, the Christmas price of Bitcoin (BTC) has seen many notable fluctuations. Below are some important price milestones on December 25th each year:
2014: $318
2015: $430
2016: $900
2017: $14,302
2018: $4,021
2019: $7,266
2020: $23,760
2021: $50,888
2022: $16,849
2023: $43,254
These numbers show that Bitcoin has experienced strong bull and bear cycles over the past decade. In particular, after each halving event (block reward halving), the Bitcoin price often tends to increase significantly over the next 12 to 18 months. The closest halving event will take place in 2024 and is expected to have a positive impact on the Bitcoin price in the near future.
Currently, the Bitcoin price is around $95,194.
Some experts predict that the Bitcoin price could reach $100,000 again by Christmas 2024, based on the strong institutional interest and the momentum resulting from the approval of Bitcoin ETFs.
