Saturday, June 25, 2022
HomeCrypto NewsBitcoin's bearish prices at the end of 2021 are not much different...

Bitcoin’s bearish prices at the end of 2021 are not much different than 8 previous year-end cycles

The price of bitcoin is down more than 33% from the crypto asset’s all-time high captured about a month ago on November 10. A while back, people expected the price of bitcoin to be extremely bullish during the months of November and December, and many expected a $100K bitcoin price by the year’s end. However, during the last 13 years, more so than not, bitcoin prices are typically bearish in the last two months of the year.

Look at previous years of Bitcoin to see if the End of 2021’s Bearish Stock Market Sentiment is a common occurrence.
BTC has experienced price gains of over 20% on a few occasions. People don’t realize the fact that bitcoin’s price has been bearish for most of its life. For instance, after bitcoin started seeing real-world value and a USD exchange rate in September through November 2010, after November 10, just like this year, BTC’s price slid from a high of $0. 35 per unit to $0. 17 by December 10, 2010. That’s a 51. 42% loss in bitcoin’s fiat value over 30 days over 11 years ago.

Bitcoin (BTC) prices have been bearish most of the month of November and December. During the last two months, however, BTC prices have been bullish on five occasions, including last year.
In 2011, BTC had a decent bull run jumping from $2 per unit in mid-November that year to $6 by the year’s end, or a 200% increase in USD value. In 2012, bitcoin (BTC) meandered between $10 and $13. 50 during the months of November and December. The price had already tapped $13. 50 per coin in August and remained lackluster until January 2013. BTC’s market price in 2013 was bullish during November and December. In mid-December 2013, BTC’s price came awfully close to $1,200 per coin.

The months of November and December 2014 were bearish as BTC slipped from $471 per coin in mid-September to just above $300 per coin by mid-December 2014. The price of BTC lost 33. 12% during that period of time in 2014. BTC prices in 2015 were bearish again during those two months, while 2016 saw a bullish trend in November and December. 2017 was a bullish time for BTC during those two months, as the price came very close to $20K per unit.

The following year, during the first week of November 2018, BTC’s price was bearish and valued at $6,376 per unit. By the first week of December 2018, the price was $4,139 per BTC. It’s safe to say that those two months were bearish and by the year’s end BTC was trading for $3,865 per unit. In 2019, around October, BTC was swapping for $9,223 per BTC and on November 4, 2019, it was trading for $9,424 per coin. Ten days later BTC was swapping for $8,639. 18 and by December 23, 2019, bitcoin was exchanging hands for $7,324 per unit. In terms of price movements, the last two months of 2019 were clearly bearish.

Following 2020’s Bullish Rise in November and December, Bitcoin’s Price Still 90% Higher Than Last Year
The end of 2020 was decent for bitcoin (BTC) prices and by October 13, 2020, bitcoin’s value was $11,425 per coin. Ten days later the price was $12,931 and by the end of 2020 on December 23, BTC was swapping hands for $23,241 per unit. It is clear that November and December 2020 were bullish months for bitcoin (BTC). We all know what happened to 2021, this year and the new highs in bitcoin prices.

BTC’s price has seen 8 year-end price drops that are considered bearish during November and December, if 2009 or 2021 are added.
Despite BTC being 33% below the crypto asset’s all-time high of $69K per unit, it is still 90% above the price it held this time last year. Bitcoin’s (BTC), price sentiment in November 2021 was bearish, and it is still in a downward trend. Bitcoin advocates will need to wait to see how December 2021 unfolds and if it changes miraculously from bearish to bullish before the end of 2022..

If the last two months of the first year of bitcoin (2009, with no real-world prices) are considered bearish, and 2021’s November and December are also deemed bearish, then only 5 out of the 13 years of bitcoin’s existence have seen the November and December time interval as bullish for BTC.

This story contains tags

2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, All time high, ATH, Bear, Bearish, Bearish Sentiment, Bitcoin (BTC), BTC Prices, Bull, Bullish, Bullish sentiment, December, holidays, Market Prices, Markets, November, Price Highs, Price per unit, Year End

What are your thoughts on bitcoin’s prices in the last two months? Are 2021’s December and November bearish? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at News, is Jamie Redman. Redman has been an active participant in the cryptocurrency community since 2011.. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 4,900 articles for News about the disruptive protocols emerging today.

Image Credits: Shutterstock. Pixabay. Wiki Commons.

Disclaimer: This article is intended for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. is not a provider of investment, tax, legal or accounting advice. The author and the company are not responsible for any loss or damage caused by or alleged to have been caused by the use or reliance of any content, goods, or services in this article.

Read More

Henry Hicks
Henry Hicks
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!


Please enter your comment!

Please enter your name here

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

Most Popular