Over the past eight years, the price of Bitcoin has been a hot topic during Christmas. Investors are always eager to see how this mysterious digital currency performs during the holiday season. So, will the price of Bitcoin continue this tradition and usher in a new wave of increases this year? Let's explore and look forward to the future.

As a cryptocurrency, Bitcoin's price fluctuations have always attracted much attention. During the past eight Christmases, Bitcoin's price trend has always been a hot topic among investors. From historical data, we can see that Bitcoin's price performance during this special period often has a certain regularity, and sometimes there is a clear upward trend, attracting the attention of many investors. This phenomenon has also triggered people's speculation and expectations about the price trend of Bitcoin this year.

To analyze whether the price of Bitcoin will rise this year, we first need to review the price trend of Bitcoin during Christmas in the past eight years. On Christmas Eve in 2013, the price of Bitcoin broke through the thousand-dollar mark for the first time, setting off a wave of investment. In the following years, the price of Bitcoin continued to rise during the Christmas period, attracting more and more investors and followers. However, Christmas in 2017 was a special node. The price of Bitcoin reached its historical high that year, exceeding $20,000 at one point. This amazing rise shocked people and made more people start to pay attention to the emerging field of Bitcoin.

As time goes by, the price fluctuations of Bitcoin become more violent and unpredictable. Sometimes the price will rise rapidly, and sometimes it will experience a sharp drop. The market risk cannot be ignored. Although Bitcoin is highly sought after as an investment tool, the uncertainty of its price fluctuations also makes investors discouraged. However, it is this uncertainty that also brings opportunities to investors. Behind the fluctuating prices are huge investment opportunities. As long as you seize the opportunity, you may get rich returns.

This year, as the Bitcoin market continues to develop and mature, investors' expectations for Bitcoin prices are gradually heating up. Some experts believe that Bitcoin prices are expected to rise again this year, and may even set a new historical record. They pointed out that Bitcoin, as a safe-haven asset, has attracted more and more capital inflows against the backdrop of increasing global economic uncertainty. This trend is bound to have a positive impact on Bitcoin prices and push it to continue to rise.

However, there are also some cautious voices, who believe that there are still many risks and uncertainties in the Bitcoin market. As an emerging digital currency, Bitcoin's own characteristics determine the instability of its price fluctuations. In addition, regulatory policies, market demand and other factors may also affect the trend of Bitcoin prices. Therefore, when investors choose Bitcoin as an investment target, they need to carefully consider various risk factors and make adequate risk control preparations.

In summary, as an emerging digital currency, Bitcoin's price trend has attracted much attention. The price trend of Bitcoin during Christmas in the past eight years has shown a certain regularity, and this year's price performance is also highly anticipated. When choosing Bitcoin as an investment target, investors need to look at the market rationally, carefully assess risks, and seize investment opportunities. No matter what the price of Bitcoin will eventually be, market changes and investors' choices will bring new opportunities and challenges to the entire digital currency market. May we all seize opportunities in this vibrant market and realize wealth appreciation!

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December 24th is about to usher in an important festival, Christmas. Different festivals have different impacts in different regions. The Lunar New Year is of great significance to China and the regions influenced by its culture, while Christmas, which originated in Rome and is popular in many countries around the world, is of great significance to many Westerners.

In the long years of life, festivals are like colorants of ordinary life, painting a stroke in the picture of our ever-expanding life, sometimes fresh, sometimes heavy. And these countless festivals, not all festivals will have a huge impact on the global currency circle, so what impact will the upcoming Christmas have on the price of Bitcoin?

BTC Christmas trend

The following figure shows the market fluctuation trend of BTC during the historical Christmas period from 2010 to 2018 (from BitDealer's tweet). It can be found that the price of BTC rose and fell in the three days before Christmas Eve. The overall average fluctuation range is not large, only 0.38%, the maximum increase is 15.15%, and the maximum decrease is 11.42%. The biggest drop was recorded in 2017, which has a lot to do with the waterfall-like decline of BTC after it hit the historical peak on December 17, 2017, during the bull market.

On Christmas Eve, the daily price of BTC fluctuated, but the overall fluctuation was still small, with the largest increase of only 2.81% and the largest drop of less than 5%, and the overall trend was relatively stable.

As for the rise and fall on Christmas Day, it can be found that the biggest drop was recorded in 2018, with a price drop of 6.12% on that day. This is related to the market panic caused by the BCH computing power war last year. The BTC market directly fell below the 6,000-point mark, ending the range-bound fluctuations that lasted for more than half a year, and the lowest point fell to a desperate 3,100 points. During the entire 8-year period, the overall average volatility on Christmas Day was only 0.35%.

The average rise and fall in the three days after Christmas clearly shows that the overall rise is more than the fall, with the largest rise of 12.28%, which was created in 2010, the early days of BTC. Secondly, in the nearly three years from 2016 to 2018, the BTC market has been rising. Even in the decline phase after reaching the peak in 2017, BTC still rose by more than 4% in these three days. The average rise in the three days after Christmas in the past eight years was 2.57%, which greatly outperformed the overall average volatility of Christmas Day and the days before.

In general, the rise and fall pattern of BTC prices before Christmas is not very obvious, and there is a high probability of an increase after the holiday. This is related to the fact that some funds flowed out before the holiday, and the BTC trend was generally weak and volatile, while some funds returned after the holiday and pushed the market to strengthen with a high probability. History will not simply repeat itself. We can predict the future trend through historical big data. We should keep looking forward to the possible bull market after this Christmas.

Future trend of BTC

In general, the weekly level is still in a downward trend and has not yet formed a bottom structure. It is highly likely that it will bottom out again in the future. On the daily line, after the daily divergence pattern was formed in the previous period, the rebound market started, and the highest rush reached the upper line of the small triangle recently, and then encountered resistance and fell back. After consolidating for 3 days, it broke through again.

Yesterday, it rose upward, and was suppressed by the upper rail of the daily Bollinger band. It encountered a short-selling counterattack, and the price fell back to the low of 7228 again, but it still did not fall below the small triangle support. After touching the middle rail of the Bollinger band, the price rebounded to the current 7350. The current price is above the multi-layer daily average line, and the 5-day and 30-day average lines are glued together and flattened, forming a short-term support level. The MACD indicator line is still golden cross upward, without breaking the middle rail support, and there is still a momentum of upward rebound in the future, supporting 7200. Pressure 7700.