Bitcoin Moves 30% in December Since 2015 — Will 2019 Be Different?

At just over 10 years old, crypto’s largest asset Bitcoin (BTC) has made a name for itself as a volatile asset, as shown by its past price action. December, in particular, has seen a notable chunk of this volatility with price moving more than 30% since 2015. 

As 2019 nears its end, Bitcoin looks back on a standout year in terms — up over 100% from the yearly lows in February of around $3,350. By the end of June, BTC/USD found itself up near $13,800. Then after several months of consolidation and subsequent selling pressure, BTC hit 6-months lows of around $6.5K in November only to recover back to the $7Ks range.

Crypto space participants often look for different narratives to make sense of various price moves, as well as try to make predictions on future price action based on historical trends. 

One such narrative involves speculation that Bitcoin moves significantly in December, in line with the Christmas and New Year holiday season. Historical price data indeed shows this to…