Monday, December 11, 2023

Will Bitcoin investors receive gifts or a lump of coal this holiday season?

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.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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