I do! Looks like the top is closing in, and it’s time to slowly sell the positions.
Here are the graphs of Bitcoin's historical December returns and closed candle prices since its inception:
8/14 ≈ 57.14% positive returns
6/14 ≈ 42.86% negative returns
Best return: 57.86% in 2011.
Worst return: -38.7% in 2013.
Average December return: 11.57%
Share your predictions for Bitcoin's December 2024 returns below!
#BabylonAnalytics #Bitcoin #BTC #BTCReturns #MarketAnalysis #BTCDecemberReturns
I’ll initiate my DCA out strategy when Bitcoin reaches $110K, selling 20% of my initial holdings weekly. The goal is to complete the strategy within a month, with $BTC hopefully around $130K by the end.
Of course, the exact timeframe is uncertain, but if I had to predict, I’d expect it to unfold around February or March.
Bitcoin became the 7th larges asset in the world by market capitalization.
Source: 8marketcap.com/