#ChristmasMarketAnalysis

Over the past 10 years, the price of Bitcoin (BTC) has seen many notable fluctuations around Christmas. Below are some notable prices on December 25th each year:

2014: $318

2015: $430

2016: $900

2017: $14,302

2018: $4,021,$ US

2019: $7,266,$ US

2020: $23,760

2021: $50,888,$ US

2022: $16,849.

2023: $43,254

These numbers show that Bitcoin has experienced strong bullish and bearish cycles over the past decade. In particular, after each halving event (halving of the block reward), the price of Bitcoin often tends to increase significantly over the next 12 to 18 months. The next halving event will take place in 2024, which is expected to have a positive impact on 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 the strong institutional interest and the momentum gained from the approval of a Bitcoin ETF.