This article summarizes the price performance of the Christmas cycle in December over the past ten years, hoping that we can happily spend the long-awaited bull market Christmas this year.
Article author, source: Meta Space
Today is Christmas in Western countries. In response, the social platform X user Watcher.Furu tweeted to sort out the Bitcoin prices for 14 years from 2010 to 2024. It can be found that this year's Bitcoin price is 392,880 times that of 2010.
This article summarizes the price performance of the Christmas cycle in December over the past ten years, hoping that we can happily spend the long-awaited bull market Christmas this year.
After Trump was elected president of the United States, the price of Bitcoin rose from $69,000 to break the $100,000 barrier, reaching a new all-time high of $108,353 on the 17th of this month.
Despite a recent pullback, Bitcoin is once again approaching the $100,000 mark as Christmas draws near, offering investors an early gift.
The price of Bitcoin is 392,880 times that of Christmas 14 years ago.
Against this backdrop, Watcher.Guru tweeted a summary of Bitcoin's price on each Christmas, revealing that the price in 2024 is already 392,880 times that of 2010, which is truly astonishing.
For ease of reading, the price data is organized into a table:
From the chart, it can be seen that Bitcoin had an increase of over 1000% in 2011, 2013, and 2017, with the increase in 2013 exceeding 5000%.
Additionally, in 2014, 2018, and 2022, Bitcoin's annual growth rate was negative. Interestingly, these years of decline are spaced four years apart.
Summary of Bitcoin performance during Christmas over the past decade.
In addition to the annual growth of Bitcoin, this summarizes the performance of Bitcoin during Christmas over the past decade.
According to Coinglass data, over the past 10 years (2014-2023), Bitcoin has had 10 Christmases (though sometimes affected by time zone differences), with 6 occasions of closing lower, the largest drop occurring in 2018 at 5.58%. Among the 4 occasions of closing higher, 2020 had the largest increase at 4.11%.
Although historical data shows that Bitcoin has a low probability of significant fluctuations during Christmas, analyzing the performance of Bitcoin in December over the past decade reveals that the chance of a positive closing is 50%. The smallest increase occurred in 2015 at 13.83%, while the largest increase reached 46.92%. Among the 5 times of negative closing, the largest decline was 18.9% in 2021, and the smallest was 3.59% in 2022.
Overall, the chance of rising or falling in December is about 50%, but if it does rise, the increase is usually in double digits. Whether BTC can continue to rise in the last week of this year remains to be seen.
