Have a different perspective this Christmas. Suppose we go back to December 25, 2022, and you have $1000 in hand. What would you do? Of course, this refers to Bitcoin. What would you do?
The closing price on December 25, 2022, was $16,832, with the lowest closing price in the following 365 days being $16,333. By December 25, 2023, the closing price reached $43,576, with the lowest closing price in the next 365 days being $38,555. By December 25, 2024, the highest price is $98,878.
For two consecutive years, the price of Bitcoin has increased exponentially, and it has a peculiarity: after Christmas, the volume tends to decrease, and the volatility is very low. After Christmas in 2022, it fell a total of 500 points in the following 7 days; after Christmas in 2023, it fell a total of 1,510 points. It is expected that after Christmas in 2024, the cumulative decline should be 4,530 points. Do you like such multiples?
I am looking for reasons to short, what are you doing?
