#BtcNewHolder

BTC often shows increases in the first months of the year, which is sometimes called the "January effect". However, this is not a rule and depends on many factors, such as:

šŸ‚General trend of the cryptocurrency market: A rising market (called a bull market) favors growth in January, while in a falling market (bear market), BTC can decline or remain stable.

šŸ†•Influx of new investors: The beginning of the year is often associated with an influx of capital from new investors, which can increase demand.

šŸ¦Macroeconomic data: Inflation, interest rates, and central bank actions influence the perception of Bitcoin as an asset.

šŸ” Seasonality and Market Cycles: Historically, Bitcoin has seen large increases in January in years after halving (a reduction in the reward for mining a block).

Examples from recent years:

2021: Bitcoin started the year around 29,000,$ and reached over 40,000,$ in January.

2023: Bitcoin rose from around 16,500,$ to over 23,000,$ in January, one of the largest gains in a month.