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    Author Topic: Bitcoin - Highs and Lows Predictable?  (Read 508 times)
    Kprawn
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    March 11, 2018, 03:12:03 PM
    Merited by d5000 (1)
     #21

    It is common knowledge by now that the Bitcoin price takes a bit of a dive after December of every year. I think the reason

    for that is quite simple. :

    1. A lot of people take some profits during early December to fund their Xmas and New Year expenses. {selling coins}
    2. The Chinese version of New Year is set on January 16th, but for one to two weeks Before the Chinese New Years Eve, most suppliers close shop. {less trading are done during this time} The Spring festival last for about 23 days {lunar calendar}
    3. Most stock markets even close on New Years Day.
    4. Many people are flat broke after the holiday season and will only recover after a few months.  Grin

    These are just some of the things that cause a slow down in trading and less volume in the beginning of every year.  Cheesy

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