• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
bitcoin December top bottom
Nexo Logo

Crypto Cycle Calendar: Will Bitcoin Bottom Or Top This December 2021?

Tony Spilotro by Tony Spilotro
12 months ago
in BTC
Reading Time: 3 mins read
Advertisement

Markets are cyclical, and move in a variety of patterns that can often give insight into what phase of a market cycle an asset like Bitcoin might be in.

But could time also play an important factor as to when market cycles come to the climax? Evidence suggests that the crypto market is especially sensitive to market timing, and in the past December has marked a distinct top or bottom. If this evidence is correct, and a pattern is potentially valid, will Bitcoin price top or bottom at the end of this year?

Bitcoin Price At An Impasse, When Will The Range Break?

Bitcoin price is still stuck around the low $30,000 range – an inflection point and confusing stage of the current market cycle. The leading cryptocurrency spent the majority of the last 15 months bullish, but as of three months ago the market turned.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Related Reading | Predicting The Crypto Bull Top And Bear Bottom With Ichimoku

But rather than being a cycle top, the price chart more resembles a mid-point of the bull run, or perhaps wave four out of five – with the last leg up being one for the history books.

Adding more credence to the theory, is a chart shared by a crypto analyst who uses “sine lines” to call out distinct tops and bottoms in Bitcoin that take place every other December.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

bitcoin price time

Will BTC peak in December 2021? Sine waves suggests so | Source: BTCUSD on TradingView.com

Every December is one to remember in Bitcoin, dating all the way back to the first time Bitcoin reached above $1,000. It promptly fell 80% to under $200 by the following December, where it reached its bear market bottom.

Two years later, in December 2017, Bitcoin price topped out once again, putting an end to that bull rally and starting another bear market. The bottom of that bear market was – you guessed it – in December. A temporary “bottom” was even set in December 2019 before a rejection resulted in Black Thursday last year.

In December 2020? Bitcoin price was blasting through former resistance at all-time high – a level it never looked back at, but is now less than $12,000 away.

Related Reading | Why The Next Bitcoin Bear Market Will Be The Worst Yet

The sine lines depicted in the chart above would suggest that Bitcoin price would potentially top out again, later this year. That would mean the current “peak” was merely a local top, and that the bull rally will soon resume.

According to Wikipedia, a sine line or sine wave “is a continuous wave” and is “named after the function sine.” It is in essence a mathematical curve that describes a “smooth periodic oscillation.” More importantly, is it found all throughout nature – notably in wind, sound, and light. But what about time?

Time and price is little more than various forms of mathematics, that pulses in waves. Before you dismiss any theories about December, remember, the sine wave around the end of this year and if the math adds up, Bitcoin price should be a lot higher.

Featured image from iStockPhotos, Charts from TradingView.com
Tags: bitcoinbtcbtcusdBTCUSDTcryptoxbtxbtusd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

Related Posts

Bitcoin

TA: Bitcoin Price Seems Primed For A Strong Wave Above $21K

4 hours ago
Bitcoin

TA: Bitcoin Faces Another Rejection, Can Bulls Save The Day

1 day ago
Bitcoin

TA: Bitcoin Jumps 5%, Why BTC Could Offer Trade Openings On Dips

2 days ago
Bitcoin

TA: Bitcoin Remains In Downtrend, What Could Spark Sharp Upside

3 days ago
Bitcoin

TA: Bitcoin Recovers Sharply, Why BTC Could Still Struggle Above $20,500

6 days ago
Bitcoin

TA: Bitcoin is Plunging, But It’s Too Early to Say Bulls Have Given Up

1 week ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

LBank Exchange Will List IX Token (IXT) on July 7, 2022

July 6, 2022

Has Bitcoin (BTC) Finally Died? Are Financial Management Crypto Like Gnox (GNOX) The Future Of The Industry?

July 6, 2022

LBank Weekly Listing Report, 4th July 2022

July 6, 2022

Zenith’s token ZNT lists on Huobi Global, strengthening its presence among lending protocols

July 5, 2022

Chimeras Launches Open Alpha Version of Metaverse Game

July 5, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.