With Christmas and New Year approaching, people are wondering about the direction that the crypto market will take. One of the giants of this market is Bitcoin. Thus, it makes sense for the Bitcoin community as well as the crypto community as a whole to wonder whether the prices will go up or down.
The fight, according to many crypto analysis websites, is between holders and profit-makers. On the one hand, there are people who have high hopes for the future of Bitcoin and believe that they will be able to reap enormous profits. On the other hand, there are people who are cashing out to enjoy their holidays.
Past Trends
It’s a common practice for portfolio managers to try and hike the prices as New Year approaches. This has been seen in the stock market since time immemorial. As crypto trading is not much different from stocks, this might also be seen in crypto trading. In technical terms of portfolio managers, this is called window dressing. According to many experts, there is no hard evidence for such a trend. Thus, people should not accept it as a reality. Window dressing is a touchy subject and there are a lot of complex factors and nuances involved.
News for Bitcoin owners
As Bitcoin has been de-risked, it is highly likely that many altcoin owners will invest in Bitcoin. Thus, people who already own Bitcoins will be able to reap even higher profits. Although, nothing is sure in the world of trading. Therefore, before you make a decision, you should do your research properly.
