Historical monthly analysis of the BTC minimum and maximum prices
After writing the article relating to the trend of the minimum and maximum prices reached by the BTC over the years, I decided to deepen the topic, hoping to find some cyclicality, going to analyze what happened in the individual months.
The data have been extrapolated from the site investing.com and I hope they are reliable. I only referred to the years for which all values are available. Therefore, I did not specifically consider 2010 since price monitoring started in July of that year.
In the previous article, a possible general analogy between the three-year periods 2013–14–15 and 2017–18–19 was discussed for the reasons illustrated.
The following table, which can be enlarged by clicking on it, shows the minimum and maximum prices, expressed in dollars, of the BTC from January 2011 to December 2019.
Thanks to the data shown in the table, it was possible to obtain the following graphs, where the minimum prices were highlighted in red and the maximum prices in green. The graphs, which inevitably have different scales considering the progressive and considerable increase in the prices of the BTC from 2011 to today, are useful for comparing the trends of the minimums and maximums thus trying to identify any similarities.
I think the following comparative image is very interested. If desired, this image can be reproduced materially by printing the annual charts and positioning them, one next to the other, above a table (all graphs can be enlarged by clicking on them).
In my opinion, looking at the side by side graphs and focusing in particular on the trend of maximum monthly prices, it emerges that:
– the years 2012 and 2016, both characterized by the previous two halving occurred respectively on 28 November 2012 and 9 July 2016, appear similar given that there was an increase in the maximum BTC prices in the second half of the year (starting from June July);
– the years 2013 and 2017 also seem comparable since they present a great surge in the maximum prices in the months of November and December;
– the years 2014 and 2018, always with reference to the maximum prices, are both characterized by a progressive decrease from January to December;
– the years 2015 and 2019 appear rather different. The trend in the maximum prices of 2019 seems, in fact, more comparable with that of 2011 (peak reached in June).
It is interesting to note that in January 2012 and January 2016 the maximum prices of the BTC reached values significantly higher than those of December 2011 and December 2015 respectively. At the time of writing this article, the maximum price reached by the BTC in the first half of January 2020 is definitely higher than the maximum value of December 2019 … exactly, that is, as happened in the years 2012 and 2016. Furthermore, in 2020 there will be the third halving.
If by observing the graphs you will be able to identify further analogies, compared to those listed here, please share them through the comments to this article so that we can discuss them.
It is useless to specify forcefully that in the cryptocurrency sector there is no certainty and that therefore the discussion held here is merely playful rather than predictive.
For my part, I can only close this short speech hoping that the well-known proverb “there is no two without three” will be confirmed, hoping that the BTC in 2020 will behave as it did in the years 2012 and 2016.
Have good fun.