Kong Jianping: Bitcoin's price exhibits significant cyclicality around Christmas; a pullback to $88,000 is predicted for 2025.
Nano Labs founder Jack Kong (Kong Jianping) posted an analysis showing that Bitcoin prices exhibit a clear cyclical pattern during the Christmas period, rising from $0.25 in 2010 to $98,200 in 2024, an increase of nearly 400,000 times over 14 years. Data shows that bear market bottoms usually occur around Christmas: $319 in 2014, $3,815 in 2018, and $16,831 in 2022.The analysis predicts that Bitcoin prices will pull back to $88,000 in 2025, reflecting market expectations of cyclical adjustments. This volatility is a characteristic of digital assets as an emerging store of value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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