How will Bitcoin perform after New Year's Day each year?
Currently, the world is still celebrating the New Year holiday and may consolidate for a longer time, but if Bitcoin does not fall below its previous low, it may challenge the important milestone of one hundred thousand dollars again.
According to Coinglass data, over the past 12 years (2013 – 2024), Bitcoin has risen in 6 out of 12 Januarys, with the largest increases being:
44.05% in 2013
39.63% in 2023
29.95% in 2020
There were also 6 instances of decline, with the largest decreases being:
-33.05% in 2015
-25.41% in 2018
-14.83% in 2016
The overall average over 12 years is 3.13%, which does not seem to indicate a clear direction. However, if we take into account the inauguration of new U.S. presidents (2021, 2017, 2014), we find that aside from a slight decline in 2017, the other years have all seen increases. Whether the new wave of Bitcoin market can be brought about after Trump takes office on 1/20 this year remains to be seen.
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