What effect will Christmas have on Bitcoin?
Here is the last four years of activity for BTC, with the end of year period marked with a red arrow. This will roughly tell us how the price of BTC looked during christmas.
As it turns out, there doesn’t seem to be anything important or seasonal about the price of BTC during this time period. If anything, it seems to get a bit more stable, with the exception of the post 2016 holiday season.
Here’s another variation of this graph, this time done logarithmically to make the lower market cap movements more visible..jpeg)
As you can see, the price does not have any common pattern during this time period. So for this year, we can’t anticipate the price based on previous year’s data. Other factors are more important than the time of year.
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