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Author Topic: Bitcoin monthly chart  (Read 2208 times)

Offline BitMaxz

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Re: Bitcoin monthly chart
« Reply #15 on: January 10, 2025, 06:14:46 PM »
I do not see any similarities in the chart you provided, but the cycle repeats because Bitcoin was not as well-known in the past as it is now, and the date for block halving is not fixed; see the historical block halving date.
The first block halving is November 28, 2012 and the 2nd is July 9, 2016 and the 3rd one is May 11, 2020 and the 4th one is April 20, 2024.
So we could not see similarities in months because the block halving date changes, but after each cycle, you should notice similarities in price action.
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Re: Bitcoin monthly chart
« Reply #15 on: January 10, 2025, 06:14:46 PM »

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Offline pawel7777

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Re: Bitcoin monthly chart
« Reply #16 on: January 11, 2025, 03:46:40 PM »
I do not see any similarities in the chart you provided, but the cycle repeats because Bitcoin was not as well-known in the past as it is now, and the date for block halving is not fixed; see the historical block halving date.
The first block halving is November 28, 2012 and the 2nd is July 9, 2016 and the 3rd one is May 11, 2020 and the 4th one is April 20, 2024.
So we could not see similarities in months because the block halving date changes, but after each cycle, you should notice similarities in price action.

I agree that there are more similarities between different 4-year cycles than there is for calendar months, but I wouldn't discard the monthly statistics completely. i.e. October and November stand out in terms of average profitability, it could be due just to a chance, or maybe there are some reasons behind it. It could even be a self-fulfilling prophecy, when a large enough group of investors expect those months to be profitable because they (almost) always have been and they act accordingly driving the price up.


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Re: Bitcoin monthly chart
« Reply #16 on: January 11, 2025, 03:46:40 PM »

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Offline bounceback

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Re: Bitcoin monthly chart
« Reply #17 on: January 11, 2025, 05:35:22 PM »
I agree that there are more similarities between different 4-year cycles than there is for calendar months, but I wouldn't discard the monthly statistics completely. i.e. October and November stand out in terms of average profitability, it could be due just to a chance, or maybe there are some reasons behind it. It could even be a self-fulfilling prophecy, when a large enough group of investors expect those months to be profitable because they (almost) always have been and they act accordingly driving the price up.
Usually always have similarities for bitcoin price between difference four years cycle but during bitcoin have hit above $100k looks less opportunity get the same cycle every four years. But the trend looks be similarity at the early year for every four cycle year with uptrend or downtrend moment.
For this month still not looking promising for bitcoin price but have important moment at the middle week will bitcoin get good chart for this month or not?

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Re: Bitcoin monthly chart
« Reply #18 on: January 11, 2025, 09:40:06 PM »
Usually always have similarities for bitcoin price between difference four years cycle but during bitcoin have hit above $100k looks less opportunity get the same cycle every four years. But the trend looks be similarity at the early year for every four cycle year with uptrend or downtrend moment.
For the current cycle, it has been a bit different because Bitcoin can hit a new ATH before its halving. Usually, Bitcoin will hit its ATH few months after its halving. Yep, it successfully crossed $100k in the first year of bullrun season. It is quite surprising that Bitcoin even could be above $108k. Anyway, not sure that we will have the similarity of the Bitcoin trends again in the early of this year. Just wait for till the end of this month!


For this month still not looking promising for bitcoin price but have important moment at the middle week will bitcoin get good chart for this month or not?
Why it doesn't look promising? Don't you know we will have Trump's inauguration? People believe it will trigger Bitcoin price to skyrocket. It is because people becomes very optimistic with Bitcoin future when US will have a president who supports Bitcoin/crypto industry.

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Offline Azharul

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Re: Bitcoin monthly chart
« Reply #19 on: January 15, 2025, 07:13:03 AM »
I really enjoy following this chart and it often gives us clues as to what the next month will be like, or if the pattern is repeating itself
Here's how it looks with the year 2024 complete. Bitcoin almost finish December in the green


Source: Coinglass > https://www.coinglass.com/today

What do you think? Do you follow this chart?
This chart will be very helpful for us. Because we know that about bitcoin position in cryptocurrency market. So really I am also enjoy your prefer chart. We also saw 2025 January indicate green signal in crypto currency market. But if we follow in December of 2024 we can see that it was indicate red signal. I think that gradually it's position will be develop. Because we know that Donald trump support will be included in this crypto. So I think that bitcoin price will be increase $150k last time of this year.
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Offline kulkhan

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Re: Bitcoin monthly chart
« Reply #20 on: January 16, 2025, 08:18:21 AM »
I do not see any similarities in the chart you provided, but the cycle repeats because Bitcoin was not as well-known in the past as it is now, and the date for block halving is not fixed; see the historical block halving date.
The first block halving is November 28, 2012 and the 2nd is July 9, 2016 and the 3rd one is May 11, 2020 and the 4th one is April 20, 2024.
So we could not see similarities in months because the block halving date changes, but after each cycle, you should notice similarities in price action.
Yes you got exact point. We know every four years Bitcoin halving happened and we saw month being change every halving But Price increasing Label near about same. We saw when Bitcoin halving happening then Bitcoin price increasing.

Last Bitcoin halving happened 20 April 2024 and then Bitcoin price huge increased. I think in future Bitcoin halving that's kinds of effects will happen. And gradually Bitcoin's price will increase there has no doubt.
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Re: Bitcoin monthly chart
« Reply #21 on: February 01, 2025, 02:23:27 PM »
After almost making it in December, BTC closed in the green once again, up 9.29% in January


Source: https://www.coinglass.com/today

Historically, February has been a great month for cryptos. What do you think?
Will it close up in green again?
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Re: Bitcoin monthly chart
« Reply #21 on: February 01, 2025, 02:23:27 PM »


Offline jeraldskie11

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Re: Bitcoin monthly chart
« Reply #22 on: February 01, 2025, 03:41:28 PM »
After almost making it in December, BTC closed in the green once again, up 9.29% in January


Source: https://www.coinglass.com/today

Historically, February has been a great month for cryptos. What do you think?
Will it close up in green again?
Base on my analysis on the Bitcoin's chart, it's bearish in the lower tf. We can see the market structure is bearish because it was making lower lows and lower highs and the impulsive candles was the red candle. If there's no news that can trigger the price, probably it will close with a red. However, in the higher time we are still bullish, if it goes back in $70k in the future, I still bullish in it as long as the price will not go further. So what's happening in the ltf is probably just a retracement in the htf.

Offline vegasus

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Re: Bitcoin monthly chart
« Reply #23 on: February 01, 2025, 11:13:54 PM »
Historically, February has been a great month for cryptos. What do you think?
Will it close up in green again?
Surely expecting green market again and again, during 2025 and this bullish season.
It's just that the current market conditions started with red market, yes, indeed, even the decline was quite significant, not only happened to Bitcoin which experienced a decline of more than -3.7% in a week. and also altcoins which on average also fell drastically in the last week, even SOL, more than -16%.

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Re: Bitcoin monthly chart
« Reply #24 on: February 02, 2025, 04:16:09 AM »
The first block halving is November 28, 2012 and the 2nd is July 9, 2016 and the 3rd one is May 11, 2020 and the 4th one is April 20, 2024.
So we could not see similarities in months because the block halving date changes, but after each cycle, you should notice similarities in price action.
the only similarity between the dates or the cycles is that the cycle turns over every 4 years there really was no clear reason why satoshi decided on 4 years a lot of people believe it is economically driven because 4 years shows up in a lot of economic theories and concepts

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Re: Bitcoin monthly chart
« Reply #25 on: February 02, 2025, 09:54:04 AM »
---
Historically, February has been a great month for cryptos. What do you think?
Will it close up in green again?
If we will just base it on the price movement of Bitcoin during the past decade, we can say that there's a high chance that February will be a green month for Bitcoin... only for Bitcoin, and not for Ethereum.

While Bitcoin ended up in a 9% increase month to date, Ethereum on the other hand went down 7% which for me makes me think WHY? Anyway, Q1 of 2021 (bull run year) has been bullish for Bitcoin, so let's see if it will follow the same price trend. I believe that it will that's why I'm still holding my Bitcoins currently.

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Re: Bitcoin monthly chart
« Reply #26 on: February 06, 2025, 09:01:28 PM »
If this cycle will indeed be the same as the previous one, the Increase will occur soon and February and March are still in bullish mode, the Increase will occur and during 2021 after the ATH the price of Bitcoin has always increased at the beginning of this month.
It is only necessary to wait and see how this correction will stop and immediately change the trend of the crypto market.


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Re: Bitcoin monthly chart
« Reply #27 on: February 06, 2025, 10:48:39 PM »
If this cycle will indeed be the same as the previous one, the Increase will occur soon and February and March are still in bullish mode, the Increase will occur and during 2021 after the ATH the price of Bitcoin has always increased at the beginning of this month.
It is only necessary to wait and see how this correction will stop and immediately change the trend of the crypto market.
I think it won't be so much different from the previous cycle. Since we are in February 2025, we can compare it with February 2021/2017/2013. If we look at the trend in those years, February should be the green market for Bitcoin. I'm not sure with March but it should be a positive market trend in February. However, there is always a chance of the change in the market trend. But I personally don't expect too much change on the trends because it can raise doubts among the holders. By the way, it is time to wait and see now, we don't need to panic!!!

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Offline pawel7777

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Re: Bitcoin monthly chart
« Reply #28 on: February 08, 2025, 12:20:24 AM »
I think it won't be so much different from the previous cycle. Since we are in February 2025, we can compare it with February 2021/2017/2013. If we look at the trend in those years, February should be the green market for Bitcoin. I'm not sure with March but it should be a positive market trend in February. However, there is always a chance of the change in the market trend. But I personally don't expect too much change on the trends because it can raise doubts among the holders. By the way, it is time to wait and see now, we don't need to panic!!!

The problem is that calendar months are a very weak indicators of anything, there isn't any really solid pattern there. I'm not saying it's completely useless but probably a much better thing to look at is the time since halving, without focussing on which calendar month that was.
But yeah, let's hope for February to be green.

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Re: Bitcoin monthly chart
« Reply #29 on: February 08, 2025, 07:05:28 PM »
I think it won't be so much different from the previous cycle. Since we are in February 2025, we can compare it with February 2021/2017/2013. If we look at the trend in those years, February should be the green market for Bitcoin. I'm not sure with March but it should be a positive market trend in February. However, there is always a chance of the change in the market trend. But I personally don't expect too much change on the trends because it can raise doubts among the holders. By the way, it is time to wait and see now, we don't need to panic!!!
Yes, there should not be much difference from previous years,
but maybe some slight differences will occur with the current state of the market which is still quite confusing.

I hope March can be a good start to start doing real bullishness.
The year 2025 hopes to be the year that makes Bitcoin reach its new history.

 

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