Bitcoin Price Breaks A Five-Year Trend, Closes January 2020 With 30% Gain

Bitcoin closes the month of January on a very bullish note, posting its highest monthly close since August 2019.

Bitcoin’s close in January snaps a five-year trend of January closing below the open.

Bitcoin closes January 2020 with a +30% gain

January is typically a very tricky month across all financial markets. The adage, ‘so goes January, so goes the stock market’ seems to play out very well in the stock market – but not always in cryptocurrencies. For Bitcoin, the trend over the past five years has seen the month of January close its monthly candlestick below the open:

January 2019: -7.59%

January 2018: -26.88%

January 2017: -0.24%

January 2016: -14.48%

January 2015: -32.43%

How has Bitcoin traded in prior January months?

January 2014: +16.5%

January 2013: +51.07%

January 2012: +16.10%

January 2011: +73.33% ($0.30 to ($0.52)

July 2010: +40% ($0.05 to…