2021 saw Bitcoin (BTC) begin the year with a bullish surge, but it quickly lost momentum, dropping below $95,000 and causing uncertainty among investors.
To understand better how the trajectory of the highest valued cryptocurrency might develop by the end of the month, we have analyzed historical performance and pricing models associated with Bitcoin.
In November 2024, Bitcoin saw a gain of 37.29%, but in December it suffered a loss of 2.85%. The asset ended the year 2024 at $93,401.
In the month of November 2024, Bitcoin experienced a return of 37.29%; however, it faced a decrease of 2.85% in December. The digital currency concluded the year 2024 with a value of $93,401.
I rendimenti di Bitcoin a gennaio
As January progressed, we examined data coming from the Coinglass platform, calculating the average and median historical returns of Bitcoin for each month.
Since 2013, Bitcoin has shown mixed performance in January, with a gain of 3.06% this year. However, it’s important to note that six out of the last twelve years have seen negative performance in January, resulting in an average return of -0.04%.
The returns are calculated by comparing the value of Bitcoin at the end of January 31st with its starting value for that month.
2013 marked the best January in Bitcoin’s history with an extraordinary increase of 44.05%. A comparable result was repeated in 2023, with a gain of 39.63%, following a slight loss of 3.59% in December 2022.
Not every January has been positive for the asset. The year 2015 marked one of the most negative starts for Bitcoin, with a decrease of 33.05%, following one of the worst Decembers ever recorded, which ended with a loss of 15.11%.
The asset didn’t have a good start in January during 2015. This was particularly true for Bitcoin, as it experienced a decrease of 33.05% that year, following an exceptionally poor December, which ended with a loss of 15.11%.
Generally, historical data does not show an obvious correlation between December’s performance and that of January.
Previsione del prezzo di Bitcoin per il 31 gennaio 2025
Currently, Bitcoin is trading green at the level of $96,498, showing a 6% increase over the past 24 hours, surpassing both its closing price in December 2024 and opening price for the new year. This asset has made an impressive growth of 125% over the past year.
Considering the historical average returns and the opening price of $93,401 on January 1st, this asset could trade within a range of approximately $93,027 to $96,259 by January 31st, assuming Bitcoin maintains its current trend.
Crypto and stock trader Jelle foresees a bright future for Bitcoin. In his latest analysis, he emphasized the strength of the asset in surpassing support tests for the seventh time. According to him, the asset could see a significant price increase if bulls manage to maintain it.
Predicting the price of Bitcoin remains a challenge, and historical results cannot guarantee definitive objectives. The trend of the most valuable cryptocurrency will also depend on market dynamics, which in turn will be influenced by both microeconomics (individual economic actions) and macroeconomics (broad economic conditions).
Meanwhile, market operators anticipate that Donald Trump will sign executive orders on cryptocurrencies during his first day in office, which is January 20th.
Trump could potentially reverse Biden’s policies on de-banking cryptocurrencies and loosen the current regulations. The Republicans have also shown resistance to the SAB 121 notice from March 2022 issued by the Securities and Exchange Commission (SEC), which requires financial institutions holding cryptocurrencies to register customer holdings as liabilities on their balance sheets. Following this news, Bitcoin regained momentum, surpassing the $96,000 mark again.
Best Wallet, il nuovo wallet per detenere Bitcoin
Investors are seeking new ways to manage their Bitcoins, and Best Wallet presents itself as an innovative choice for holding crypto assets. With an intuitive interface, it offers a comprehensive ecosystem that includes an integrated Decentralized Exchange (DEX) and the Best Card debit card.
In addition to these features, the Best Wallet has launched its native token, BEST, which provides exclusive benefits to users. Among these perks are discounted transaction fees within the Best Wallet ecosystem, increased rewards for staking and the chance to participate in top-tier crypto presales directly from their app using the “Upcoming Tokens” feature.
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2025-01-14 15:42