Will cryptocurrency prices Rise or Fall during Christmas (December 24-26 each year)?
To determine the price trend of cryptocurrencies (especially Bitcoin) during Christmas (from December 24-26 each year) from 2011 to the present, we can refer to historical data. Based on available sources and data, here is an overview analysis:
1. Historical price analysis of Bitcoin (BTC) from 2011 to 2024. Typically, when BTC rises, other coins tend to rise as well, and vice versa.
1.1. Number of price increases (8/13 years): Bitcoin's price usually rises during Christmas in years when the market is in an upward or accumulation trend.
1.2. Number of price decreases (5/13 years): Bitcoin's price decreases mainly in years when the market is bear or under heavy selling pressure.
1.3. Average increase/decrease rate:
Average increase: About +4% (if the price rises).
Average decrease: About -3.8% (if the price falls).
2. Conclusion:
Based on history, the rate of Bitcoin price increase during Christmas is slightly higher (61%), but the increase/decrease is usually not significant (except in years with strong trends like 2020). If the market is in a bullish phase, the likelihood of price increase is higher. Conversely, if the market is bear or sideways, the price is likely to decrease slightly or show little volatility.
