Recently, I looked into BTC's performance in December and found an interesting pattern.
Historically, this month is indeed known for being eventful, but it remains to be seen whether it can hold up until the end of the month. Currently, the price is hovering just above 80,000, still over 40% away from the previous high.
Looking back at past performance: the surge in 2020 directly increased by 46.9%, and there was also a performance of 38.9% in 2017. The data shows that it is theoretically feasible to reach a new high in December.
However, to be fair, history will not simply copy and paste. From a probabilistic perspective, weighing the possibility of this peak... emmm, it’s still safer to take a conservative view. The market is a tricky thing; sometimes the data is just a reference, and the actual trend depends on how various current variables combine.
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LiquidationHunter
· 12-01 07:50
The few waves in December were indeed fierce, but this trap of history copying and pasting is really unreliable.
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GasOptimizer
· 12-01 07:50
The sample sizes of 46.9% and 38.9% are too small to establish an effective probability model. It's just a historical backtesting trap.
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AllInDaddy
· 12-01 07:45
80,000 hasn't broken the resistance level yet, wanting to reach a new high? That's too optimistic, buddy.
History repeats but never the same, can it be like 2017 this time? Honestly, I have no idea.
The data looks good, but the key is still to see how the market performs in the next two weeks.
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NFT_Therapy
· 12-01 07:38
The historical data looks good, but I still don't believe it can be replicated. Let's wait until the end of the month to see how BTC performs.
Recently, I looked into BTC's performance in December and found an interesting pattern.
Historically, this month is indeed known for being eventful, but it remains to be seen whether it can hold up until the end of the month. Currently, the price is hovering just above 80,000, still over 40% away from the previous high.
Looking back at past performance: the surge in 2020 directly increased by 46.9%, and there was also a performance of 38.9% in 2017. The data shows that it is theoretically feasible to reach a new high in December.
However, to be fair, history will not simply copy and paste. From a probabilistic perspective, weighing the possibility of this peak... emmm, it’s still safer to take a conservative view. The market is a tricky thing; sometimes the data is just a reference, and the actual trend depends on how various current variables combine.