Historic data and how Bitcoin has performed in the past is no indicator of the future, but I figure there's no harm in talking about how some events in the next few months may affect the bitcoin price. (and perhaps be ready to buy a bit more if we do see a dip)
Christmas and New Years:
Could we see it go down? If there's no-one in the greyscale office to push that big buy button on a daily basis, the incredible levels of demand we've seen lately may drop off.
Could we see it go up? It is bonus season afterall and the bankers might wanna treat themselves.
Will Brexit influence the price? (January 1st the UK could leave without a deal) The UK has a pretty big economy and leaving the EU is stupid- could the UK economy tanking lead to people rushing to 'safe havens'
Chinese New Years:
The chinese new year (Friday 12th February in 2021) does seem to have effected the price historically, with a slow dip in January followed by a sharp increase around the Chinese new year- will we see a pattern like this in 2021? Potentially, would it make sense to have a bit of money lying around to buy some bitcoin in the couple of weeks beforehand?
Financial New Year:
It's the financial new year in April- I was going to go with the theory that Bitcoin will go down, but apparently historically it has gone up in April and tends to finish the month with a gain.
My take-away:
I got no idea what bitcoins gonna do in the future. I'm not gonna pretend I do. The limited amount of lazy research I just did encourages me to HODL through January (even if it does start going down like a slow puncture). Depending on January performance maybe use some of my January pay packet to buy a little more before the Chinese New Year.
What do you think will happen?
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