Take a look at Bitcoin price trends over the past two months from a historical perspective

Currently, the price of Bitcoin is still down 33% from its all-time high on November 10. Many expect the value of Bitcoin to reach $ 100,000 by the end of the year. However, over the past 13 years of experience, Bitcoin prices have fallen over the past two months.

Past experience shows Bitcoin weakness is expected in 2021

Bitcoin prices also rose in November and December a few years ago. However, this year has not been good and most Bitcoin in the past has been in decline this month. For example, in 2010 the price of Bitcoin fell from $ 0.35 on November 10 to $ 0.17 on December 17. After 11 years, it has fallen 51.42% in one month.

Bitcoin has fallen for the most part over the past eight years.

During the month of November 2011, the price of Bitcoin increased by 200%, from $ 2 to $ 6. In November and December 2012, the value of Bitcoin hovered between $ 10 and $ 13.50. It peaked at $ 13.50 in August of the same year and fell in January 2013. In November and December 2013, the value of Bitcoin skyrocketed. In mid-December 2013, the value of Bitcoin was close to $ 1,200.

During the months of November and December 2014, the price of Bitcoin fell from $ 471 in September to $ 300 in mid-December. In 2014, the value of Bitcoin fell 33.12%. Bitcoin fell for two months in 2015 and bullish in November and December 2016. The price of Bitcoin was bullish as of 2017, with the price reaching $ 20,000.

In the first week of November 2018, the price of Bitcoin fell to $ 6,376. In December of the same year, the price was $ 4,139. The two-month price is down, with last year at $ 3,865. Around October 2019, the Bitcoin exchange rate was $ 9,223, but on November 4 it fell to $ 9,424, and in 10 days it fell to $ 8,639.18. As of December 23, the value of Bitcoin was $ 7,324. Prices also fell in the last two months of late 2019.

Prices have been strong in the last two months of 2020, up 90% from the same period last year.

As of October 13, 2020, the value of Bitcoin was $ 11,425. It rose to $ 12,931 ten days later and hit $ 23,241 on December 23. In the last two months of 2020, Bitcoin prices hit a new year high.

End of the year for the first time in 13 years The price drops for the first time in 8 years

Bitcoin prices are now 33% lower from its peak of $ 69,000, but still 90% higher than the same time last year. Bitcoin price sentiment remained bearish in November and December of this year. Bitcoin supporters will have to wait and see if the price of Bitcoin goes from falling to rising over the past few days.

From historical experience, only 5 years in the last 2 months and 13 years since 2009, and prices in November and December are strong.