In #ChristmasMarketAnalysis 10 years, the price of Bitcoin (BTC) has undergone numerous notable fluctuations in the lead-up to Christmas. Below are some important price benchmarks for 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 illustrate that over the past decade, Bitcoin has experienced strong bull and bear cycles. In particular, after each halving event (the reduction of the block reward by half), the price of Bitcoin often tends to rise significantly in the following 12-18 months. The next halving event is expected to occur in 2024, which is anticipated to positively impact 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 may reach $100,000 again by Christmas 2024, based on strong institutional interest and momentum gained from the approval of a Bitcoin ETF.