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3 reasons a massive bitcoin rally is likely in January



Bitcoin has been in a correction for a few days and is currently unable to get back above $ 60,000. However, that does not mean that the bullish period is coming to an end. Because a massive Bitcoin rally is very likely in December. We give 3 reasons why the probability is so high.

Historical comparisons to 2013 and 2017

In 2013 and 2017 there was a parabolic curve of the Bitcoin price at the end of each year. The prices exploded within a few weeks and the Bitcoin was suddenly worth more than double. Based on this data, we can see more and more clearly that Bitcoin moves in 4-year cycles. These cycles are determined by the halving events that occurred 1.5 years before the peaks.

When comparing the courses to 2013 and 2017, we see great similarities to 2021. Although the increases were always slightly different, the same phases can be seen in principle. Bitcoin prices peaked in late November 2013 and mid-December 2017. A delayed increase would therefore be possible in 2021. The beginning of this increase and with it the Bitcoin rally would still fall in December.

Bitcoin fundamentals remain bullish

As we have been writing for weeks, the Bitcoin fundamentals are still very positive. It can therefore be assumed that there is a bull market and that the last price drops were just corrections that tested the ground. This is relevant as some investors have been concerned that our current all-time high could be the top of this cycle.

To take a closer look at the fundamental data, we can look at the hash rate. After the difficulties in the spring after the end of China, this is at an all-time high. In addition, the mining difficulty continues to increase. The Fear and Green Index is currently neutral, although there have been several sharp drops in the price in the past few days. Everything makes an imminent Bitcoin rally likely.

Several forecast models see Bitcoin rally in the near future 

Due to the above 2 factors, numerous forecast models and also human experts see the Bitcoin Peak coming very soon. Crypto analyst Matthew Hyland, Plan B's stock-to-flow model, and even JP Morgan's analysts see a massive rally coming within the next 1-2 months. 

Of course, such predictions can also be wrong. But in the meantime, we have experienced 2 great cycles in which history has repeated itself. So we see it as likely that December will be extremely bullish and we will see a big Bitcoin rally.

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