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Bitcoin’s Bearish Prices at the End of 2021 Not Much Different Than 8 Previous Year-End Cycles – Markets and Prices Bitcoin News

The price of bitcoin is down greater than 33% from the crypto asset’s all-time excessive captured a couple of month in the past on November 10. Some time again, individuals anticipated the price of bitcoin to be extraordinarily bullish throughout the months of November and December, and many anticipated a $100K bitcoin price by the 12 months’s finish. However, throughout the final 13 years, extra so than not, bitcoin costs are usually bearish in the final two months of the 12 months.

The End of 2021’s Bearish Market Sentiment Is a Common Occurrence, Looking at Previous Bitcoin Years

There have been just a few events when BTC had a monumental November and December run in phrases of price positive factors. This 12 months has not been so bullish and individuals don’t notice that for many of bitcoin’s life, these months have been bearish a majority of the time. For occasion, after bitcoin began seeing real-world worth and a USD alternate fee in September by way of November 2010, after November 10, similar to this 12 months, BTC’s price slid from a excessive of $0.35 per unit to $0.17 by December 10, 2010. That’s a 51.42% loss in bitcoin’s fiat worth over 30 days over 11 years in the past.

Bitcoin's Bearish Prices at the End of 2021 Not Much Different Than 8 Previous Year-End Cycles
So far, most of the time throughout the months of November and December, bitcoin (BTC) costs are bearish. However, there have been 5 events the place BTC costs have been bullish throughout these final two months, together with final 12 months.

In 2011, BTC had a good bull run leaping from $2 per unit in mid-November that 12 months to $6 by the 12 months’s finish, or a 200% enhance in USD worth. In 2012, bitcoin (BTC) meandered between $10 and $13.50 throughout the months of November and December. The price had already tapped $13.50 per coin in August and remained lackluster till January 2013. In 2013 throughout the months of November and December, BTC’s price was as soon as once more bullish. In mid-December 2013, BTC’s price got here awfully near $1,200 per coin.

The months of November and December 2014 have been bearish as BTC slipped from $471 per coin in mid-September to only above $300 per coin by mid-December 2014. The price of BTC misplaced 33.12% throughout that interval of time in 2014. The price of BTC in 2015 was once more bearish throughout the two months and in 2016 the price was bullish in November and December. 2017 was a bullish time for BTC throughout these two months, as the price got here very near $20K per unit.

The following 12 months, throughout the first week of November 2018, BTC’s price was bearish and valued at $6,376 per unit. By the first week of December 2018, the price was $4,139 per BTC. It’s secure to say that these two months have been bearish and by the 12 months’s finish BTC was buying and selling for $3,865 per unit. In 2019, round October, BTC was swapping for $9,223 per BTC and on November 4, 2019, it was buying and selling for $9,424 per coin. Ten days later BTC was swapping for $8,639.18 and by December 23, 2019, bitcoin was exchanging arms for $7,324 per unit. The final two months of 2019 have been undoubtedly bearish in phrases of price motion.

Following 2020’s Bullish Rise in November and December, Bitcoin’s Price Still 90% Higher Than Last Year

The finish of 2020 was first rate for bitcoin (BTC) costs and by October 13, 2020, bitcoin’s worth was $11,425 per coin. Ten days later the price was $12,931 and by the finish of 2020 on December 23, BTC was swapping arms for $23,241 per unit. The information clearly exhibits that November and December 2020 have been thought of a bullish two months for bitcoin (BTC). Of course, everyone knows what occurred in 2021, and the new bitcoin price highs that have been recorded this 12 months.

Bitcoin's Bearish Prices at the End of 2021 Not Much Different Than 8 Previous Year-End Cycles
During the months of November and December — and if 2009 and 2021 are included — BTC’s price can have seen 8 year-end price declines that are thought of bearish.

Despite BTC being 33% beneath the crypto asset’s all-time excessive of $69K per unit, it’s nonetheless 90% above the price it held this time final 12 months. However, bitcoin’s (BTC) price sentiment in November and December 2021 has been bearish and in a steady downtrend. Bitcoin advocates must wait and see how the relaxation of December 2021 performs out and if it miraculously adjustments from bearish to bullish by then, or by the first month of 2022.

If the final two months of the first 12 months of bitcoin (2009, with no real-world costs) are thought of bearish, and 2021’s November and December are additionally deemed bearish, then solely 5 out of the 13 years of bitcoin’s existence have seen the November and December time interval as bullish for BTC.

Tags on this story
2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, All time excessive, ATH, Bear, Bearish, Bearish Sentiment, Bitcoin (BTC), BTC Prices, Bull, Bullish, Bullish sentiment, December, holidays, Market Prices, Markets, November, Price Highs, Price per unit, Year End

What do you concentrate on bitcoin’s price throughout the final two months of yearly? Would you take into account 2021’s November and December bearish? Let us know what you concentrate on this topic in the feedback part beneath.

Jamie Redman

Jamie Redman is the News Lead at News and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 4,900 articles for News about the disruptive protocols rising in the present day.

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