#ChristmasMarketAnalysis

Over the last 10 years, the price of Bitcoin (BTC) on Christmas has experienced many notable fluctuations. Below are some important price milestones on December 25th of each year:

2014: $318

2015: $430

2016: $900

2017: $14,302

2018: $4,021

2019: $7,266

2020: $23,760

2021: $50,888

2022: $16,849

2023: $43,254

These figures show that Bitcoin has experienced strong bull and bear cycles over the last decade. In particular, after each halving event (the reduction of the block reward), the price of Bitcoin often tends to increase significantly in the following 12 to 18 months. The nearest Halving event will take place in 2024, and it is expected to positively affect the price of Bitcoin in the near future.

Currently, the price of Bitcoin is around $95,194.

Some experts predict that the price of Bitcoin could reach $100,000 again by Christmas 2024, based on strong institutional interest and momentum from the approval of Bitcoin ETFs