{"id":467416,"date":"2021-07-14T01:00:31","date_gmt":"2021-07-14T01:00:31","guid":{"rendered":"https:\/\/wncen.com\/?p=467416"},"modified":"2024-06-11T12:36:19","modified_gmt":"2024-06-11T12:36:19","slug":"bitcoin-bottom-top-december-2021","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bottom-top-december-2021\/","title":{"rendered":"Crypto Cycle Calendar: Will Bitcoin Bottom Or Top This December 2021?"},"content":{"rendered":"
Markets are cyclical<\/a>, and move in a variety of patterns that can often give insight into what phase of a market cycle an asset like Bitcoin might be in.<\/p>\n But could time also play an important factor as to when market cycles come to the climax? Evidence suggests that the crypto market is especially sensitive to market timing, and in the past December has marked a distinct top or bottom. If this evidence is correct, and a pattern is potentially valid, will Bitcoin price top or bottom at the end of this year?<\/p>\n Bitcoin price<\/a> is still stuck around the low $30,000 range \u2013 an inflection point and confusing stage of the current market cycle. The leading cryptocurrency spent the majority of the last 15 months bullish, but as of three months ago the market turned.<\/p>\n Related Reading | Predicting The Crypto Bull Top And Bear Bottom With Ichimoku<\/a><\/strong><\/em><\/p>\n But rather than being a cycle top<\/a>, the price chart more resembles a mid-point of the bull run, or perhaps wave four out of five \u2013 with the last leg up being one for the history books.<\/p>\n Adding more credence to the theory, is a chart shared by a crypto analyst<\/a> who uses “sine lines” to call out distinct tops and bottoms in Bitcoin that take place every other December.<\/p>\n <\/p>\n Every December is one to remember in Bitcoin<\/a>, dating all the way back to the first time Bitcoin reached above $1,000. It promptly fell 80% to under $200 by the following December, where it reached its bear market bottom.<\/p>\n Two years later, in December 2017, Bitcoin price topped out once again, putting an end to that bull rally and starting another bear market<\/a>. The bottom of that bear market was \u2013 you guessed it \u2013 in December. A temporary “bottom” was even set in December 2019 before a rejection resulted in Black Thursday last year.<\/p>\n In December 2020? Bitcoin price was blasting through former resistance at all-time high \u2013 a level it never looked back at, but is now less than $12,000 away.<\/p>\n Related Reading | Why The Next Bitcoin Bear Market Will Be The Worst Yet<\/a><\/strong><\/em><\/p>\n The sine lines depicted in the chart above would suggest that Bitcoin price would potentially top out again, later this year. That would mean the current “peak” was merely a local top, and that the bull rally will soon resume.<\/p>\nBitcoin Price At An Impasse, When Will The Range Break?<\/h2>\n
Will BTC peak in December 2021? Sine waves suggests so | Source: BTCUSD on TradingView.com<\/a><\/pre>\n