Historic Pattern Shows Bitcoin Should Rise 20% By Christmas

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Last Updated on 26 October 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Volatility of both Bitcoin and Ether is so low right now that analysts are now searching for historical patterns to see what could follow from this “stable” trend crypto has been showing lately.

Bloomberg has discovered a pattern that should result in a 20% higher Bitcoin price just before Christmas.

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Inflation

When the inflation figure in the United States was announced last Thursday, October 13, most stock markets immediately fell one percent. Bitcoin was down 5 percent to $18,201.

However, before the end of the trading session, most stock markets in the United States moved higher again, as analysts were able to put a positive spin on the inflation story with the explanation from the Federal Reserve. Bitcoin also moved higher, ending the day around $19,387.

This means that a 5 percent loss was made up during the same session.

There have been some 15 sessions since December 2018 where Bitcoin completely wiped out an intraday loss of about 5% (minimum) only to end up with a gain of at least 1%. In the 60 days after each of those sessions, Bitcoin rose an average of 19% to 20% after this signal occurred.

If this pattern becomes true, Bitcoin should be up another 20% by December 13, a good week before Christmas.

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