Topic: December Has always Proved to Be a Good Month For Cryptocurrency industry (Read 574 times)

You can try to find some patterns with past years, but for this statistic to work, you need a lot of data, bitcoin is a relatively young asset, and I don’t know how good this idea is. I looked at the table where the statistics were given for months, but it didn’t give me anything, I didn’t find any regularity in this, each time it can be a different value. It is necessary to proceed from the situation on the market, this will be the highest quality analysis.

December is not always a good month for cryptocurrencies, even if last year was favorable. Markets are unpredictable and should not be predicted based on past behavior. Recovery can always be seen, although not in December, believe that the bull market will come.

Relying on last year's chart or previous years' history to make predictions for bitcoin is not enough. Last December, we were in the bull season, so the bitcoin price increase was obvious. But this year, we are in bear season, and the economic crisis is a huge problem, so predicting the same months is entirely inaccurate. OP, you need to give your analysis instead of just a vague prediction, the market doesn't move in such an easily predictable way.

There's something we called 4years cycle in the cryptocurrency market and it's what determines if December month and the first quarter of the new year will be the start of the Bitcoin market rally.
Unfortunately, there won't be any market rally this year in December and the first quarter of next year until the 4-year cycle is complete which your calculation and the price trend you said about the month you mention are not correct.

History does not always repeat itself and December is not a good month for Bitcoin and cryptocurrency in history.

Will it be different this year?

It can be different but to be frank, I don't think it will be different. However, it is not big problem because if you hold your assets long enough, you will have better portfolio year-by-year or if year-by-year is not better, it would be better for 4-year by 4-year holding.

I am sure that your portfolio can increase or decrease in value year-by-year but if you consider Bitcoin with its Lowest price for each year, the trend is up.

as said previously..
a pattern even if proven is only as good as the time it takes for too many people to realise the pattern and then trades against the pattern for profit to break the pattern

Agreed, the market isn't better than its previous months. It is known that the bitcoin price movement happens in no time. We've reached the last days of the year 2022. Even then price can reach $30k. However based on the prevailing market scenario it is really hard thing to happen. The year is good for all the cryptocurrency investors because it gave opportunity to invest as well as make profit out of the investment.

10 days wouldnt really assure that there would be no huge movements or tick in price whether it would be green or red.No one really knows and this is how this market is too unpredictable.
There's no way that you could really be able to determine on how the year would be ending up whether it would be on bullish or bearish even more. We dont know if there would be some last minute
situations or events which might really that changed up the overall market vibe of this market which is something that not that surprising on this place on.
December could neither be good or bad basing up on some sentiments but dont expect or anticipate that much.

every year has their own unique trend as the contributing factors are also changing. so we can't expect the same trend every year. we are just relying on what's gonna be out of the newsstand. and how they will affect the market performance of the cryptocurrencies. this year, we are still hoping to change the path of btc trend. but reality check, we are only 10 days to end this year. though it is possible to see an uptick trend but don't make high expectations.

People shouldnt forget that on which you shouldnt really make each year to be that the same which not all month of December would really be that totally good.This is why people do really make out those kind of
being annoyed or frustrated because they are really expecting something positive neither on Bitcoin or altcoins when month of Dec do approaches which is something not that recommendable.
We've seen the worst months or years which we should really be getting used to it because this is how this market works and how it do behaves which isnt something new.
Expect the unexpected because those things we do have in mind doesnt always ends up for it to happen.

Not every year is the same, and people forget that and OP made that mistake as well. I mean normally in 2017 we have seen it go up so much right? So does that mean it will always be good in December? Well no, because in 2018 we have seen it not do so well and go down, but in 2019 it was stable give or take, but in 2020 it went up right? However in 2021 it was lowering.

So, as you can see it is not always the same and sometimes it goes up and sometimes it goes down. This year it looks to be quite stable, sure there were some drops but nothing big, just tiny enough to not even mention, and I am not seeing any increases neither so it will stay like this if you ask me.

If the OP has data on what he's talking about then maybe the discussion will be very interesting. I don't know, but December this time is not very good for the crypto industry, obviously it is because of the FTX and FUD problems that are everywhere.

If December has always been better than any other month, then bitcoin should be trading over $30K by now before the end of the month. But so far I haven't had the market recover above $20K, so I don't think this December will be any better than June, July or August.

speculating the price of bitcoin by considering past prices is very difficult and uncertain.
The price of bitcoin in the past in December is just an example that bitcoin is really volatile and very difficult to predict.
in fact it's december right now and it's already getting to the middle of the month and bitcoin still isn't doing as well as you say.
there is no need to speculate on the price of bitcoin in market times like this and every month in the past will not be the same as the month of the year.
all we have to know is january to december are good months for bitcoin when we buy and hold it till ATH price

Unless one can find very good evidence of patterns having a connection to something which creates those patterns, it is not a good idea to assume those patterns will continue in the future. In other words, just because December seemed to always have been a good month for Bitcoin, does not mean that it is not just a simple coincidence which might or might not repeat in the future. Until we have further proof there is a cause for this, I would not be betting my money so soon.

Although investing in Bitcoin is, from my own subjective experience, a good idea at any point in time.

Recovery can always be expected, though not just in December.
So far some increase occurred during December but it didn't last long. I almost thought $17K would be strong support, but it failed. I could expect some minor movement during late December, but I wouldn't be surprised if a sell-off correction occurs over the holidays.

Regardless of what will happen at the end of December, then I think people need to take advantage of the market situation to increase their portfolios. Buy it and hold it, it will really pay off in the long term.

See we have already entered the December phase and as per your sayings the results are not so good and we can't fix that crypto market will boom in this period.The prices will only rise when the investment will take place in reality and that could happen anytime but we can't take past considerations to predict the future.But keep one thing in mind that it might take some time but surely the prices will rise speaking for bitcoin if you have patience to hold it.

Bitcoin price fluctuations are not fixed.We cannot correctly predict the rise and fall of future events.
Usually, the occurrence of positive or negative events or some major events will affect the price trend of Bitcoin. There are so many types of coins in cryptocurrency right now. With the continuous development of cryptocurrencies and the improvement of the ecology of other altcoins, Bitcoin must always ensure its "boss" status in order to continue to appreciate.

Good or Bad, no one really knows on what it would look like.It is really just that people who do have those good experience on those month of December back into those previous years are really sticking up their minds

and still keep believing that those good things would really be happening and this is why whenever we do reach out on the end of the month of each year then we do really have this kind of impression.

Now, its really totally opposite where it did really make out some increase on small percentage but it do still end up on dipping which its not something shocking anymore.
People should really get used to it because market is always been that unpredictable.

How will you say from the aspect of your statement planting of Bitcoin is like investing in Bitcoin or holding a bitcoin for long time so I believe thought that Bitcoin it's just something that when you have it and hold for long time andron the bearish market that is you are holding bitcoin more than when it enters the bullish market you have a surplus gun that is the aspect of paper lantern bitcoin for my own understanding

Now is the 19th of December and I didn't see any special move in the market or any special event that changed the situation of market, but you are right, from what I can see on the chart, December of the last year wasn't a good month for bitcoin and the price and bitcoin industry while on 2020 we had a better situation. so it doesn't matter if we are in December or any other month because the market can react in a different way comparing to the last years.

Hopefully this may be a good month for BTC & other crypto although BNB not looking good. Finger cross for some price up in ADA 

This may be a good month for BTC but it also is booming for ETH and DOGE. Research is necessary anyway as everyday there is a new change.

And this is the problem with trying to use the calendar to predict the moves of bitcoin, it is too simplistic, it does not tell you anything at all about the real reasons why the price went down or up.

Besides the observations of the OP are not even true, 3 of the last 4 Decembers have presented a negative movement for the price, with this in mind it is better to watch the charts and to follow closely the news regarding this market and the economy in general, so our predictions about the possible movements of the market not only will be more accurate but they will be based on actual data which affects the movements of the price.

In my opinion, not all of December is a good price for bitcoin, and even now, namely December, today the bitcoin price is still low, there is no high increase. so essentially there is no certainty with December regarding crypto issues. but what is clear is that now is the right time to buy bitcoins. because the price is still low.
but I hope that in December this year the price of bitcoin will increase. and turned into a bull market.

It is true that in the past, December could be said to be a good month for cryptocurrencies but this year is different from every year in that there are wars and inflation, so it is difficult to say whether history repeats or not. We should be optimistic with our investment but always be careful because bear season is not over yet, worse things can still happen, don't be subjective.

As Ddmr already posted, December hasn't been the best month for Bitcoin. Perhaps we're associating the bull market that took place near the end of 2020, that had made Bitcoin to return back to its former glories of 2017. January, February or October have much more positive results, but why does it even matter? I believe that it's often coincidental and doesn't statistically prove something. Maybe, there might be some correlation between time of the year and Bitcoin's price but it shouldn't be taken for granted.

P.S December of 2020 was my reset button, the month I relogged to my wallet and started all over again. It's been two years already.

Hope this is not an attempt to divert attention away from the fact that Oct 2022 to the end of this year was chosen to be a period of massive bull run for Bitcoin in contrary to the pessimistic atmosphere in cryptospace and their expected bearish market for thesame period (Oct to Dec 2022) .
In regards to the expectation of a cr*ash in May next year, I think the month would be chosen for the massive rally to somewhere between 50,000, to 60,000. This should prove the historic charts unreliable.


We may consider making this month(Dec) rally an ordinary one not greater than a previous rally we had few months ago. This will mean that the "good start" was some month ago rather than this month (Dec).



Meanwhile, the bull will continue head butting the bear and moving against the bearish tide. We will still have a strong price movement just as it was couple of months ago.

Yes, the price of bitcoin very often rises in November and December and falls in January and February.  This is due to several reasons. 

Firstly, such price dynamics is associated with the peculiarities of the tax system in the United States and other countries. 

Secondly, many people take profits on New Year's and Christmas.  New Year is a time to take stock and buy gifts for family and friends. 

Thirdly, January and February are the time of winter depression.  People's mood worsens, optimism decreases and they begin to believe less in the prospects of the first cryptocurrency. 

But I don't really believe that the price of Bitcoin will reach $36,000 in December.

December month was good for the cryptocurrency industry in past years, but not all time good for Cryptocurrency; we expect the month of December 2022 will be good for the cryptocurrency industry because the previous few months were terrible for Cryptocurrency due to a downfall in price. In the coming month, Cryptocurrency's price can go up due to various good news.

At this time when things are not as they used to be in cryptocurrency, whatever can give us hope will do, thank you from sharing hope and positivity. This is somehow reassuring for me and will be reassuring especially for new people who just purchased bitcoins. I am a scared still to an extent at the sentence that "History repeats itself", if history repeats itself truly and I am excited expecting good times, I should be sad as well knowing that there are also some bad times in history, and I should expect them as well. I'm so sorry, but it is difficult to not think about the time after the good time, or what will come after the good time.

there is alot of conversational FOMO and social drama

but when say the 2016 halving. that seen a pre halving price of $450 turn to a post halving of $900

people are not buying more, spending more..

what is actually happening is a normal investor paying in $50 a month got 1btc before and 0.5btc after

..
check some old screen shots of market order listings in say 2012-2022
there is a noticeable difference to the decimal amount on offer

i remember in 2012 average orders were 1btc-1000btc
in 2022 its now 0.001btc - 1btc

people dont tend to "spend more" or buy more..
the instead pay regular amount and just get half as much coin per halving.. which translates to the price doubling

in short. its not where market orders are now 1btc-1000btc orders of $16k to $16m

its not buyers buying more
its sellers offering less coin

1. No one should even though every high in bitcoin is the future low
2. Yes but they can't know where the high is, when the rise is happening all everyone sees is the rise without being able to predict when it is going to end.
3. I wasn't talking about ATH. Before halving date there is always a lot of hype in the market with countdowns and whatnot and people are generally excited and are FOMO buying bitcoin hence causing a rise or even a mini-bubble!

i see your point what your trying to say. but rationally..
1. i dont buy on a known high.
2. sellers want to sell more on a high
3. ATH happen a year after a halving event
halving: 2012(ath 2013)  halving: 2016(ath 2017) halving: 2020(ath 2021)

if users that DCA know that december is a high month.. they are more likely to buy before that.
thus less buyers in december and more sellers.. breaks the pattern by having a down month instead of an up month

if i was a naive DCA who JUST seen this pattern

J   F   M   A   M   J   J   A   S   O   N   D

2   5   4   4   6   3   6   7   7   8   8   8

instead of dca $1k each month evenly ($12k)

even i would do more at start of year and less at end of year

but id advise no one to do DCA (just buy no matter price just because you deposited)

nor base it on historic patterns of years ago. which are not predictive at all. just a topic of interest thing

i would instead say look at current price compared to recent average to see if its above or below average to decide what % to put in

in short 'buy low, sell high' and 'buy more on low, buy less on high'

You are forgetting the first step of this process where the increasing number of people believing in the pattern start buying bitcoin because they think price is going high and at the same time they are seeing the signs of it going up. Just like what happens every 4 years in the weeks leading to halving where a lot of people panic buy bitcoin!

the thing about history is.. everyone can see it and react to it to "never happen again"

meaning if traders see a pattern that a high happens at a certain time.. eventually enough traders plan to hedge that by selling in that historic suggested time. which then ends up with the suggested time sees less highs that due to mass sells taking advantage of knowing the pattern.. thus breaking the pattern

a pattern is only a pattern until to many people use pattern recognition trade bots to trade against the pattern

December isn't always a good month for cryptocurrencies, and while Bitcoin has started to see positive moves recently, I think it's still in a bear market.
The crypto market is unpredictable. The nature of volatility makes it possible for all changes to occur in a split second. Now we just need to wait patiently and believe that the bull market will come soon.

those predictions are less about the markets and more about the users revealing their buy in and exit plans

most users have a 2x in mind to exit out and a date they want to exit by

its why.. when the price went to a $50k amount after the ATH and stuck around there for a bit. people buying at $50k wanted a $100k exit within a year

those buying at about $17.5k want a $36k exit

they are just trying to suggest their exit and hope someone will tell them "yes your exit number is possible in a small timeframe of when you want to leave by" just to ease their mind

The Bitcoin price won't hit 36K USD just because you want this to happen. The crypto winter is here to stay and the investors aren't very positive about an upcoming bull wave in the Bitcoin market. There's no force that could possibly create a FOMO phase right now.
Statistically some months are "good" and other months are "bad" for Bitcoin, but the market is extremely bearish right now and the FUD news are coming from everywhere. Do you really think that the "average Joe" is going to invest his money into Bitcoin, when he reads all those news about crypto bans, crypto price crashing, crypto companies going bankrupt and scamming their investors? I don't think so.

I think that at any time with bitcoin you is ever you make a risky decision, it is an investment, then the starting point does not always have to coincide with special months, although the historical show it, but it should not necessarily be so...

and that we will see if such scenario will be observed in the coming days. but every year has their own news and events, so we can't expect something similar will happen. we have been in the downside trend owed to news such as the FTX failure, BlockFi's bankruptcy and other things. but if a good news will come, we may start seeing the market to go up again. just a matter of time. but we can't assure that this month, we will finally see such increase.

The market follows the fundamental, if there is good news circulating around the market then everything will be green as the entire cryptocurrencies were following the trend of bitcoin. Over the years there is a myth, close to the days of Christmas the market will start rising and the same gets carried forward to the falling year. Lets see, anything similar to that happens this year. The growth that happened in the past in the same time period can't be expected to come again this year. Because, market situation during those days and the present have got lot of variation.

It seems like December will be a good month for crypto as we have started seeing some positive momentum in bitcoin recently. Also, people are hoping that this time again CPI data will be favorable and hence bitcioin may rise more. However i do not see it going 36,000$ in this month of December. Maybe 25 - 26$ can be the realistic target for bitcoin in this month.

Also, you mentioned, "Before May crash"  Do you mean that bitcoin will crash in May 2023 or you are taking about the past May 2022 crash?

To me going back to 17 is a bad sign because there was no real recovery after what happened in November which is a sign of weakness. To talk about a reversal you need volume and a price attacking higher points, not dragging on for weeks with no volume. If we went from 21 to 16k and then back to a somewhat stable level of 19k we would've called it a sign of strength. An insignificant level of 17k acting like a resistance is really bad for the short term.

I wouldn't expect anything big in December. Even if FED pivots in 2 weeks the best we can hope for is 19k again, which again is a bad sign if it stops there because it's still below the 2017 ATH.

I also don't think December has always proved to be a good month for Bitcoin, as far as I know, the December performance depends on the current situation of the Bitcoin fundamental.  As we see in history, whenever there is good news lurking around the Dec. month will be in green but this year, I do not think that we can see a greener Dec because of the recent event and FUD that is roaming around the market.  We had huge fiascos and scandals in the previous months, and aside from Brazil accepting Bitcoin as a payment option, there is no other good news that can outweigh the effect of the recent FUDs and fiasco that shakes the Bitcoin market.

But in fairness, the 1st of Dec. shows a bit of recovery of Bitcoin price since Bitcoin goes up to $17k.  It is short live though because the price goes down again at sub $17k.

your way.. i had time
J   F   M   A   M   J   J   A   S   O   N   D

2   5   4   4   6   3   6   7   7   8   8   8

enjoy

Actually to every beginning of December may have it right to turn Green whenever it gets to January there is always a challenge sometimes it could be pure dip and then from February to May there is always a market correction.
I think @DdmrDdmr fully narrated it all.
I believe this December would likely be a good one, since market hit back to $17,200 today being 01-12-2022 so there is every possibility it would be around $25k to $30k by ending of 31 December to 1st January 2023.

When I read the post, I thought about those tables with months and how the price changed in different years, so it's great that DdmrDdmr posted it, and December seems to be a 50-50 kind of month historically, so even if we rely on the past behaviour to predict future behaviour, it's wrong to assume that it will be a good month. I hope it will be, but there's no reason it has to be. So far, we're just one day in, and maybe the market isn't ready to change the tide yet. We should be morally prepared for whichever outcome comes next.

If I recall correctly, the previous bull run began in December. But that doesn't mean that every year will be the same. To be honest, I don't see any reasonable grounds to pump Bitcoin in December. So this December would be different from others. A couple of incidents have occurred, such as Luna and FTX, and there is no good news to pump the crypto market. We will most likely have to wait another couple of months before the cryptocurrency market recovers. Everything will be fine, just don't expect too much and be realistic.

^^ Franky, every day's closing price summed then / 365 is more "acceptable" of average yearly price, no? But ain't nobody got time for that!


Ha nice catch on newbie of the year, enter the nominations!

I remember circa the same time also festive periods were good for Bitcoin. Christmas shopping, and then Lunar New Year after that supposedly bringing out the happy Chinese... though it never made sense to me as you'd be selling Bitcoin to buy people presents more than anything.

The Hindu and Muslim calendar traders probably also going crazy for different lunar/sun cycles.

I love this image, I love the fact that none of the months in general look like a heavy green month aside from maybe February and October. The reality that we can learn from this image is this, you could have one month of 172% or something, and then 6 months of 5-10% drops, and that should tell you how bitcoin goes up. Maybe for the next 12 months we are going to have 5% drop each month until last month where we have 400% increase?

We do not know if that will be the case but this image shows it's also not impossible. Bitcoin usually slowly drops more and more and more, and then one day goes up straight like an arrow, we need to be ready for that and if we are not, we will always be too late to it.

ok i did a bit of maths

grabbing the chart data of 2011-2022 from blockchain.info

i then took each years low and high, and then done

(low + high) / 2

to get the average price per year

then i looked at the prices per month of each year and seen which months were below or above that years average

and the results of how many months were above average

J   F   M   A   M   J   J   A   S   O   N   D

3   3   3   2   2   2   2   3   3   2   4   7

Like a Domino effect?
BNB might crash but Ethereum will not.

The whole crypto market is on a bear market and yes, anything might happen, but I don't think that Bitcoin and Ethereum will crash like what happened to FTX and Terra Luna because both of the projects are failed ones and the ones behind it are scammers and any projects that has scammers behind it will absolutely fail because they will scam investors.

$36K? You might be dreaming while posting this one isn't you OP? Your first post is a thread like this though I agree with you that December has always been good for crypto and right now, Bitcoin is at the $17,000 price. Overall, the sentiment of the investors is negative, and they are in an extreme fear right now to invest. You might be thinking of the "Christmas Effect", but with what's happening globally, I doubt that it will have a huge effect towards the price of Bitcoin. Maybe we might see Bitcoin at $20,000 at the highest.

Even the data you've posted proves that we shouldn't relay on it with our predictions.

For instance, if you followed the chart between 2013 and 2018 you'd say that out of the last 5 Junes 4 were good, you'd buy in May thinking the pattern would continue and get a 14% loss. Then next year you'd probably think that last June was so bad you'll stay out of it for that month and you'd miss out on a 26% increase.
 
As for Decembers, there's a clear pattern. 2014  and 2018 were the first years after ATH and they were red. Out of the winters that did not come in less than 12 months after ATH only 2019 had a very small 5% drop. All other Decembers were green. This time our December right after ATH was in 2021, so we already had our red month. If we follow the pattern, there's a high probability this one will be green.

I feel like I should add for people who are too euphoric about the green and red months, the way the chart works that even if there's a 1% increase in the average price for the given month, it will display as green month. A 20% drop in one month followed by a 5% relief rally will show the current month as green, even though in the last 2 months we've lost 15% and are in the red.
Technically, you can have 11/12 green months in a year and still be at a 50% loss.

That's probably what you think is the best, but there are better ones. Maybe that stick to you because that's either when you discovered BTC, or it's too memorable that the following months just continued rising, and that's an excellent run for 2020 but not every year. It's a common misconception that when it's near Christmas time, people have a lot of money, if they were to have extra, it would go into the crypto portfolio that they have, and that's one of the idealized things, but that's probably not what's happening during December.

Hope the same as what I want. I've even been buying since the price was in the $20k area and until now I keep adding to my Bitcoins. Having spare cash is very useful at this time. If it keeps dropping I'll still buy it.
Now just need to be patient to wait for bigger things, waiting for the bull market. Even though it's not December this won't be a problem but I'm sure the bull market will come.

Hihi, I remember all these posts:
- October has been bad for Bitcoin only in two years, always positive in double digits, we're going to have a huge bull run
- November has been positive for Bitcoin 6 to 3, expect a bull run, the last ATH was in November
 - And now it's December time, we had an ATH at that time in December 5 years ago, certainly bullish
The way some cherry-pick both data and memories is quite entertaining.


No, we don't know, what's stopping us? Actually, what's stopping you?


Common, just congratulate them for being that fast:
Post          Today at 09:36:15 AM
Merited at Today at 09:37:15 AM
Finding a topic, reading it and sending merit in exactly 60 seconds? Newbie of the year!!!

Not until the market price fall in red marks again. I also thought that things has chances for this year, even atleast for a slight recovery. But just as early as today, market was filled with red marks once again. Quite unfortunate but definitely not something to be scared of. This might not be our year and we may accept that. For now, being patient would save us from bigger regrets if we would sell our holdings just because of current market situation. But there are still more than 3 weeks we can hope for before this year end. I do wish that the market price will remain at $17k range if not higher, to somewhat have a good start for 2023.

Market is just unpredictable. From being down for weeks then a sudden pump, then being back again in red marks. All of those changes happened in an instant. Volatility is both the beauty and down part of this industry.

Looking here in my Farmers almanac  is says to plant my bitcoin in the spring.

The world is a much different place than December 2020 and 2021.

Only a lunatic would base his or hers bitcoin investments on a lunar calander.

 

Everyone will say what they feel will happen but at the end of the day, nobody can actually tell how the market will behave this December, just like nobody expected ftx to suddenly go down the hole.
The most important thing though is to take advantage of the bear market and buy what you can afford, the market will do it's thing at the right time.

On December of 2018, it's the lowest for its bear market. But that won't signify as every December would be that bad and the same as what you're telling that it's going to be good.

In the end, nobody knows what will happen for this December until we finish seeing it or for the next December of 2023.

But we're in all agreement that by the time halving's done, then the times for bitcoin going up is surely going to come.

I expected you to present some charts or arguments to confirm your hypothesis, which is that December and in the first quarter of the new year represent the beginning of a freshness of the price.

I can repeat what I previously published regarding my analysis of this month:

• Federal meeting.
• OPEC+ meeting.
• China COVID-19 locks.
• More bankruptcies related to FTX.
• Holiday season, many people will go home.

So no, this December will not be a Good Month

Go to this board^[1] to find new thoughts, people are speculating bitcoin price every day without limits.


My feelings are the same as yours
They both know everything

Even if OP's words turned out to be true and every December would be good for the crypto-currency industry, this would not mean that this month would be successful and all subsequent ones would be the same. I've always been amused by these coffee-ground predictions, trying to find connections where there aren't any. At the moment, the entire crypto industry is experiencing very tense moments in connection with the history in the FTX. It is naive to believe that after a short period of time, after these events, the industry will recover and show growth. This December will definitely not fall into the Good Month.

I would say just small rally, specially weeks before Christmas, maybe it's because people are buying as they are getting their bonus check. Or just pure manipulation from behind because after a spike, the price will go down again specially in the bear market.

But right now, the surge could have been due to Jerome Powell who spoke from Washington regarding Fed's next plan, a self-imposed blackout period starting December 3.

You can reach his speech here.

https://www.federalreserve.gov/newsevents/speech/powell20221130a.htm

I don't know where you got all these your thesis from but i can bet you they aren't valid enough, who told you that come may next year there's going to be a bitcoin crash? We ain't done with the last Q4 of this year yet and anything nee can still come up with price, pls don't get others to misleading information and do your own research well.


You can speculate on bitcoin price, we have the chart, weekly candle, history, market cap, market volume and many other factors as parameters for speculations.


Part of the research which you do is speculation.

December is not always green and it is not a greenest month for Bitcoin.

Cryptorank.io has a crack-down table for monthy and quarterly returns for Bitcoin. If you see both tables, you will realize that you wrote an incorrect information.

Bitcoin market is within a bearish period that gives us a long time to accumulate it and DCA. I don't mind that December is a best or worst month for Bitcoin in its history. I pay my attention on a next halving and I noted the Bitcoin BlockHalf Countdown website. In its estimation, there are about 500 more days till 2024 halving.

@fennic, Alt accounts on the forum are not prohibited, but from the style of writing, it seems to me that the OP is your alt account, and in addition, sharing merits between alt accounts is not something that is looked upon in good faith. If anyone wonders why I concluded that it is about alt accounts - the style of writing random words with a capital letter is more than evident + a fast reply in 3 minutes.

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December was not always a good month for Bitcoin, some just believe that there is a Santa Claus and that he will bring them an unexpected gift in the form of a big bull run - something like that this year is astronomically far from reality.

Not really… You’re factually incorrect as December hasn’t always been proven to be a good month for the cryptocurrency industry. And even if it were so(which it’s not), we shouldn’t predict the market on past behaviors as it is unpredictable as well as volatile.

While I’m being optimistic about the rise of the price of bitcoin as it’s now gradually rising, I’m also being realistic knowing that there could be a change at any moment.
Hopefully, we’ll continue to see the upward trend in the movement of the price of bitcoin as adoption rate increases.

If what you are saying is that every time the month of December comes, the price value of Bitcoin always increases somehow, something that I have also noticed. That's why it's hard to predict how much bitcoin can raise this whole December dude.

We know Bitcoin many times that it suddenly moves unexpectedly that we are suddenly happy because of its kicking and suddenly the value falls which also causes others to worry to sell because of fear, these are the scenario that we always face with every movement of bitcoin because of its volatility that is always shown in the market.

Looking over the uncontextualized data, price has a good behaviour on only one out of the past four Decembers, being December 2020 structural the path to the subsequent 2021 ATH:


Neverthless, I get the feeling that looking over the past monthly aggregate data does not really point to future trends for a given month, and that we’re much more prone to sway, in price in terms, to the tune of the large fundamentals that occur, which are mostly unpredictable.

Luna or FTX crash doesn't mean ETH or BNB will crash, they are entirely different. In this case, it should also be taken into account that BTC will crash, as there is no guarantee that bitcoin will never crash.

The 36k target is extremely high expectations for bitcoin before the end of the year. I don't predict what bitcoin will look like this December as the market situation is not getting any better. We just took one small step forward and this also happened in November, we had a great start to November but everything after that...

Something something past performance is not indicative of future results. Also, December of 2021 was a down month. Pretty much only 2020 was the only good December concerning price since the past few years.

I know I am not pro or old here but I know little bit. I was saying that Bitcoin is just had always proven good start in December month and in first Quarter of New year and If history repeats than this will also be like God start of crypto Rally and I hope in this timeframe btc might go Upto 36k dollars before May crash.
We know that we cannot speculate Bitcoin price But I can say that as history repeats we can get chance and also a better judgement and it can be very risky.
That's Why Do your own research before putting money.