RATE Group | Bitcoin Price Likely to Jump After Christmas; Here’s Why
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Bitcoin Price Likely to Jump After Christmas; Here’s Why

25 Dec Bitcoin Price Likely to Jump After Christmas; Here’s Why

Posted at 12:22h in Bitcoin News by

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Last year’s holiday season wasn’t the best time for Bitcoin holders. For those who missed the memo, in November and December of 2018, the leading cryptocurrency tanked, falling off a proverbial cliff as investors capitulated, liquidating their BTC holdings in search of greener pastures. In fact, within a four week period, Bitcoin had entirely capitulated, losing half of its value faster than you could say “Satoshi Nakamoto.”

Related Reading: How Rakuten’s Latest Bitcoin Effort Could Help the Markets

But, according to a recent analysis, the holiday season — or at least the next few days — will favor bulls.

Bitcoin to Rally After Christmas, Historical Trends Suggest

Full-time cryptocurrency trader BitDealer recently posted the below analysis, in which he drew attention to historical trends of Bitcoin’s price before, on, and after Christmas.

While much of the analysis is now irrelevant, with Christmas nearly being over after this is published, there is one part of…

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