Since 2015, Bitcoin's low of the year was always in mid-January
Déjà vu? A pattern seems to repeat each year. Each year since 2015, Bitcoin made the low of the year in mid-Januari. Coincidence? According to some people this is because of the Lunar/Chinese New Year. Perhaps money is flowing back to fiat to buy presents, plane/train tickets and so on. This year, 2018, the Chinese new year is on Februari 16.
Bitcoin in 2015:
- Low: $152 on Januari 14, 2015
- Year close: $431
Bitcoin in 2016:
- Low: $352 on Januari 16, 2016
- Year close: $966
Bitcoin in 2017:
- Low: $751 on Januari 12, 2017
- Year close: $13880
Bitcoin in 2018 (so far):
- Low: $11191 on Januari 16, 2018
- Year close: ???
Bitcoin chart 2015
Bitcoin chart 2016
Bitcoin chart 2017
Bitcoin chart 2018
Disclaimer: Feel free to use and share my charts, but please mention this post as the source. This is no trading advice. There is absolutely no guarantee that this pattern will repeat.
I will remeber this for next year haha! I did not jknwo it was always in january lolz, thanks for showing me
Thank you. This report makes me relieved and I believe the future of Steem again ^_^
This analysis is really intersting, and you found it.
Don't think the past really matters. Humans can find patterns in anything.
most of the top comment are self-voted, is this a trend?
Interesting read! I hope it will go up very soon. WOuld be something if it trippled from here going forward to Q4 and than rallying up to 75K.
Yes, I have seen many similar thoughts, and and analysts associate this behavior with the Asian New Year. This year it's February 16, probably you have to forget about growth until March...
Still giving good chance to buy more
Bitcoin in 2018 (so far):
Low: $11191 on January 16, 2018
Year close: ??? $31641
I was wondering what is going on. There's no real news instead many new investors joining. I hope the patty repeats itself.