Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: trendcoin on December 31, 2021, 07:06:38 AM
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Some analysts are expecting big things for Bitcoin in the near future when all the institutional selling has completed and capital gets deployed to the market.
Some crypto market analysts are highlighting the potential for a green first week on the crypto markets in January as part of what economist and trader Alex Krüger calls the “first week of the year effect.”
Krüger pointed out in a Dec. 29 tweet that for the past four years straight, Bitcoin (BTC) has enjoyed positive returns in the first week of January ranging from 7% to 36% between 2018 and 2021.
In 2021, BTC grew from $28,653 to $41,441 in the first week of Jan.
When asked what had happened in previous years, Krüger replied, “tbf only 2020 and 2021 matter, different markets, so do with those two data points as you will”.
https://twitter.com/krugermacro/status/1475914909649149952
https://cointelegraph.com/news/bitcoin-has-risen-7-to-36-in-the-first-week-of-january-each-year-since-2018