Analysis: Bitcoin's holiday performance runs counter to "Christmas robbery" speculation

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According to the analysis of ai_9684xtpa on December 23, the performance of Bitcoin during the Christmas & New Year holidays in the past five years, the volatility of Bitcoin was significantly larger in the period of 12.20 - 01.06, but the actual gains and losses, except for 2020, were within 10% in other years.

In 80% of the years, the coin price performance in the following two months was quite good. If the buy the dips time is narrowed down to the week after New Year's Day, the probability of profit is still 60%.

Observing the performance of the Nasdaq index in the past five years, the range fluctuation during the Christmas period was large, but the overall gains and losses were not significant, so it can be inferred that: After the holiday, the US stock market will not have a significant negative impact on Amp.

In summary, although this round of bull market is greatly affected by the inflow and outflow of BTC ETF, the Nasdaq index did not decline significantly during the Christmas period and even after the end, and the impact on cryptocurrencies is not large. The rise and fall of Bitcoin itself is contrary to the conjecture of the "Christmas massacre".

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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