December’s performance is pretty weak

Check out the charts here, but December isn’t looking good at all. In 2016, Nov saw a +5% gain followed by a +30% in Dec, making it a +25pts boost. Then in 2020, Nov had a +42%, and Dec added +47%, just +5pts more. But now in 2024, Nov is sitting at +37% and Dec has dropped to -1%, which is a crazy -38pts decline. You might say this could be due to the strong year-to-date performance in 2024, but it’s hard to compare this easily to the data from 2020 and 2016. So what do you all think for next week? Any predictions for 12/31 or 1/3?

Well, this market wont be called unpredictable if it was that predictable at all.  . Yes we can be able to compare into those numbers basing up into those older or previous cycles on which we can say that year end is something that gives out that kind of gain. Come in mind that these are the months that it could be having some pump or some holiday sell off and thats why numbers arent something that could be fixed or something that will be that the same on every year or every cycle. Thing here is that you should really just that go with the flow and wont really be that become impulsive on whatever investment decisions that you will be making. You will be definitely be finding yourself having some issues if you cant be able to control up your emotions well. Trying to compare out previous analysis and numbers isnt that a bad approach either or something that a casual analysis that we do make. If it was underperforming for this year end then we might be seeing some another potential different situation on this upcoming new year and since considering that we are already heading for the bull run season then this is where exciting things do really tend to happen. So it will really be that situational into this aspect on which we know that its really that totally unpredictable on where prices will be end up. There are indeed some analysis on this 31 or 3 on next year but just we do all know that there's no assurance into this aspect. So positions be made will really be that in accordance into your risks management.

kinda expected for this retracement after hitting ATH, market can't go up forever and this monthly price growth doesn't make sense because if you see yearly growth BTC has been doing pretty well. thing is, BTC can grow as much as it can in one month and when next month retracement happen this monthly growth data will record minus gain, so it's irrelevant in my opinion. regardless, I think next week we will be doing pretty well, the retracement can't go on forever, we doesn't have any sign of shifting into bearish either, we're likely already touched the bottom, but things can still be pretty wild so be aware of the drawdown. I'm thinking of making some accumulation right now, but I know very well, that I can still be having unrealized lose in my PnL if i invest now since market is still unclear.

After such a great advancement in November, imho December was not bad at all. I am no expert, but my expectations are that the market will start moving properly only after the Chinese New Year. So for next weeks I expect no big movements.

I think December is expexted to pull back a little and do some retracement cause its too much movement upward plus its Christmas and New Year everyone expected to spend a lot during Holidays for celebration and this is inevitable and tendency is people might do some cash out instead of buying off the market. But January is a start so expect some gradual change for this market down trend.

Who knows what will happen next week? It might go up or down. How could we know? Don’t try to time the markets it is pointless. Keep DCA’ing and you’ll be on the top in the long run. If you play the long/short game you’ll be the loser for sure because the house always wins. If you buy regularly and hodl, that means you are the house now and just as I said, you can’t lose anymore if you wait long enough.

This is most definitely because of the year pump if you look at the other years you have used to correlate with 2024 you will be able to see that their is variation in the days of the month that the market actually pumped. For the past years they had the pump in the early days of each month and also have their corrections same month because of the days difference, but this year most especially the month of November I think I can remember that the market pumped towards the ending of the month and this wasn’t just any month but one which set an historical price record of $100k therefore it leaves bitcoin market in December to be in a heavy correctional phase due to those who are mostly taking profits

Ever since I have known cryptocurrencies, this December has been the worst (but not that worse) for bitcoin since 2020. Bitcoin did increase a little during Decembers at least but it might not be that much increase. I do not know why most people really panicked because because fell from $108000 to $92250 or so. This gives some people privilege to buy or to by more. The news right now is about bitcoin will fall to $80000 or less, but I will accumulate more which might be little but I believe bitcoin will still increase at the start of next year. Although about what you said, I noticed a repid fall in bitcoin transaction in this festive period. Hope all will be good back in next year January.

That's the current candle stick of Bitcoin on a monthly time frame, and I'm not good at candlesticks, so if there's anybody here that can name that candlestick and can say if that's a bullish or a bearish sign then that would be helpful for us as well. TBH, it's a bit surprising that December ended on a red candle unlike in 2021 where it ended as a green candle. This shows how unpredictable the crypto market is. We don't know what can happen. I mean I don't know, but I didn't expect that December will be an underperforming month. With this, I don't know how the market will perform next year, and we might see a series of green candles, or we might continue to go down from here (which I hope will not happen). Whatever the case is, I hope everyone is ready to sell, or buy if needed.

This is also the first reason that comes to my mind. During this time you’ll really think that more people need to sell or spend because of the holidays. Most are busy preparing for upcoming events and I think this is the time to reward others and yourself for everything you’ve been through this year. Another thought I have is that others might have already sold because they still have specific sales targets to meet especially considering the ATHs that were reached earlier this year. They’re just waiting for prices to drop again before buying. And for me there's no need to compare this to previous cycles because times are different now and the way people react to the market and developments is also evolving.

Not sure if this goes to this then some will definitely buy at that level seeing the bitcoin reaches 108k in a flash. There will be new narrative and potential bull trigger button and we need to know whats that. Trump doesnt really do much movement or action for now but let see if their plan has rolled out already.

Personally, I believe that Bitcoin might not go to $80k level anymore but anything can happen in this market. I believe the current rate of Bitcoin is still good for the ones who want to accumulate. Bitcoin is again moving upward slowly and who knows it might perform good in first month of 2025.

seems pretty normal to me, chart needs to make a wick, we're already 3x from the bottom at peak bearish, we're doing great, people were cheering when BTC reached $95k back then. now people acting like $110k to $92k as a disaster, which is not, the only one who get rekt are future trader with high leverage, but for most of the low leverage trader and bitcoin holder, it doesn't mean a thing other than just another fluctuation in a highly volatile market. probably in this new year we gonna see sentiment change and people will be happy.

We have had almost no Fud or bad news in recent days, the recent market correction is mainly due to profit taking pressure as people need money to prepare for Christmas and New Year. But Christmas is over and we are in 2025, things are about to get back to normal so I don't see any reason why bitcoin could drop below $80k. Not to mention, there is a lot of positive news regarding government Bitcoin reserves and the bigger news is that Trump will be inaugurated as president later this month. With this positive news, there is no reason for bitcoin to dump at this point. Bitcoin hitting $120k in January would be more reasonable than falling to $80k, IMO.