CryptoPotato announced statistical data that the price of Bitcoin (BTC) is rising at the end of the year (October to November) . This movement happens every year, says that the climb rate will climb 73% on average.
Image Source: Investing.com
Looking at price trends of Bitcoins in the past four years, we have started to rise from October and the month when November rises the most. On the contrary, there seems to be a tendency to decline at the beginning of the year.
CryptoPotato considers that it is one reason that the optimistic mood in the cryptocurrency area drifts over the end of the year. There is also a trend similar to the stock market, which seems to be called “descender effect” or “Santa Claus rally”.
Also, other investors believe that these trends will occur, and there seems to be some view that price increases will occur as a certain number increases purchase.
Article Source: CryptoPotato
Last year was particularly intense, but in reality it is surprising that things are going up every year
Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/btc-rises-73-at-end-of-year/
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