WHAT NEXT FOR BITCOIN?
2024-12-20
Category: None

Will December Be Good for Bitcoin? A Look at Past Trends

As December approaches, Bitcoin traders often wonder if this month will be positive for crypto or if it will end in losses. Let's look at how Bitcoin has performed each December for the past 10 years:

Bitcoin's December Trends (2013–2023)

2013: Started at ~$1,000 and ended at ~$750 (-25%). Early excitement faded due to profit-taking and worries about Mt. Gox.

2014: Started at ~$375 and ended at ~$320 (-15%). The Mt. Gox hack earlier in the year hurt confidence.

2015: Started at ~$360 and ended at ~$430 (+19%). Renewed optimism brought a small rally.

2016: Started at ~$740 and ended at ~$960 (+30%). This steady increase hinted at the big run in 2017.

2017: Started at ~$10,800 and ended at ~$14,000 (+30%). Bitcoin reached a peak mid-month but started a bear market by year-end.

2018: Started at ~$4,000 and ended at ~$3,800 (-5%). The market was down 80% from its peak.

2019: Started at ~$7,500 and ended at ~$7,200 (-4%). Modest losses as the market was stable.

2020: Started at ~$19,500 and ended at ~$29,000 (+48%). COVID-19 increased Bitcoin’s popularity, leading to big gains.

2021: Started at ~$57,000 and ended at ~$46,000 (-19%). Concerns about inflation led to a drop.

2022: Started at ~$17,000 and ended at ~$16,500 (-3%). The FTX collapse kept the market weak.

2023: Started at ~$40,000 and ended at ~$42,500 (+6%). A recovery year with modest gains.


What to Watch for in December 2024

1. Federal Reserve Policy: An expected rate cut on December 18 has supported market optimism. A change in this plan could affect prices.


2. Institutional Investment: Bitcoin ETFs have gained popularity, attracting over $100 billion in 2024.


3. Market Sentiment: With Bitcoin above $100,000, the target is now $125,000, but volatility is possible.


4. Political Factors: President-elect Trump’s pro-crypto stance, with promises of favorable policies, adds to the market’s positive outlook.



Looking to 2025

Bitcoin’s future looks promising with growing institutional and consumer interest, friendly regulations, and a supportive economic environment. While $108,000 is a milestone, many expect even higher prices as Bitcoin continues to evolve.

As 2024 ends, traders can expect more action. Stay ready, watch the market, and best of luck in the new year.

