In the past 10 years, the price of Bitcoin (BTC) has experienced many notable fluctuations as Christmas approaches. Here are some important price points on December 25 each year:
2014: 318 USD
2015: 430 USD
2016: 900 USD
2017: 14,302 USD
2018: 4,021 USD
2019: 7,266 USD
2020: 23,760 USD
2021: 50,888 USD
2022: 16,849 USD.
2023: 43,254 USD
These numbers show that Bitcoin has gone through cycles of strong increases and decreases over the past decade. Notably, after each halving event (which halves the block reward), the price of Bitcoin tends to increase significantly in the following 12-18 months. The next halving event will take place in 2024, which is expected to positively impact the price of Bitcoin in the near future.
Currently, the price of Bitcoin is around 95,194 USD.
Some experts predict that the price of Bitcoin could reach 100,000 USD again by Christmas 2024, based on strong institutional interest and momentum gained from the approval of a Bitcoin ETF.
