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Author Topic: Bitcoin Yearly Trend  (Read 226 times)
uneng
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January 14, 2023, 11:35:40 PM
 #21

As I have already commented in other threads on the subject:

1) Most likely we will end this year positive, but it doesn't have to be very positive, just finishing the year at $20k would be a positive return over last year's close.
Exactly. If we started the year with bitcoin pricing 16,000$ and we end the year with bitcoin pricing 16,001$ it will be already considered a positive year, accordingly to the image posted by OP. So I guess a better measuring tool would be to check how much bitcoin has fluctuated in each time period in percents. Although history doesn't repeat itself, there might be some similarities, especially regards the halving which has always been a very positive moment along bitcoin's history, so it might give us some insights of what could happen next.

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January 15, 2023, 07:59:39 AM
 #22

As I have already commented in other threads on the subject:

1) Most likely we will end this year positive, but it doesn't have to be very positive, just finishing the year at $20k would be a positive return over last year's close.
Exactly. If we started the year with bitcoin pricing 16,000$ and we end the year with bitcoin pricing 16,001$ it will be already considered a positive year, accordingly to the image posted by OP. So I guess a better measuring tool would be to check how much bitcoin has fluctuated in each time period in percents. Although history doesn't repeat itself, there might be some similarities, especially regards the halving which has always been a very positive moment along bitcoin's history, so it might give us some insights of what could happen next.

Am not the image creator, I saw it and decided to share it here, the source is clearly stated.  To me, what the image depict is the normal price movement which everyone is familiar with, not the details in percentage or what have you.
We all know btc halving happens within every 4 years, the exact date may not be the same but it always occurs within that time frame, similar to the price movement, we can't say we still expect btc price to continue dipping through out this year to the next. If history of btc doesn't repeat itself maybe btc halving won't occur within every 4 years. That's a repeated pattern.

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January 15, 2023, 08:43:09 AM
 #23

the pattern.. but not the prediction:

2011 up(ATH)
2012 down
2013 up(ATH)
2014 down (below '13 , but up from '12)
2015 up from last(below '13, but up from '14)
2016 up from last(below '13, but up from '15)
2017 up(ATH)
2018 down(below '17, but up from '16)
2019 up from last(below '17, but up from '18)
2020 up from last (up from '19)
2021 up(ATH)
2022 down(down from '21 , but up from *20)
2023 up from last (down from '21, but up from '22)
I think there is truth and precision in what you wrote.
The observations and research that I did on the trend and price history of Bitcoin from the previous year is the same as the research you have shown.
Bitcoin can experience growth and increase in price significantly until it can reach a new ATH indeed only once in 4 years and that really happens in reality.

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January 15, 2023, 09:21:56 AM
 #24

Looking at trend patterns is somewhat great and all, but patterns like this are the worst. It might look obvious what the next trend for 2023 would be, but people shouldn't be making decisions based on such data because it's highly highly likely for the pattern to just be a coincidence.

There are very less chances that history will repeat. But anything can happen. Who knows Bitcoins will break the all time high price this year. But currently what it is being seen that Bitcoins have already crossed 20k usd and it’s increasing in a slow yet steady pace. Many are indicating that the bull market has started, but I guess it’s still early to conclude anything like that. Definitely in this, Bitcoins have shown some positive attitude, so yes we meed to hold now the Bitcoins for few more months. Let’s hope for the best.

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