Bitcoin Performance In January Since 2012 + Bottom Signal

17 gru 2022

- Back in December 2017 bitcoin peaked hitting an All-Time High and bottomed December 2018 after 365 days.

- Back in November 2021 bitcoin peaked hitting a new All-Time High and hit a multi-year low November 2022 after 365 days.

After the 2018 low was hit it took three months of consolidation before the bullish breakout/start of bull market.

Following this same pattern, three months consolidation would put us in late March for a bullish breakout/start of bull market... If the same pattern repeats.

The bottom is not yet confirmed as it can take 2-3 months for confirmation after a new low is hit yet the long-term downtrend has been broken as shown in the article below:
🅱️ Bitcoin Breaks Free - Major Nov. 2021 Downtrend | Linear Scale | 15-Dec-2022

This article is also relevant for today's topic:
🅱️ Bitcoin Bear Market Bottom + Recovery (1-5 Months) | 17-Nov-2022

Bitcoin's performance in January since 2012

This is how bitcoin has been performing every January for the past 11 years.

• January 2012 (+15.72%)
  
• January 2013 (+54.53%)
  
• January 2014 (+8.92%)
  
• January 2015 (-33.04%)
  
• January 2016 (-14.80%)
  
• January 2017(-0.04%)
  
• January 2018 (-25.43%)
  
• January 2019 (-8.53%)
  
• January 2020 (+29.95%)
  
• January 2021 (+14.51%)
  
• January 2022 (-16.70%)
  

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Namaste.