Bitcoin is touted for not being touched by normal market manipulators, such as conflicts and socio-economic activities. However, there are times when it fluctuates for obscure reasons.

According to some experts, the slowdown in January might not come as a surprise since it attributed to the Lunar New Year and the importance it carries for the Chinese

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The period leading up to the Chinese New Year is high spending, as people book all kinds of travel and vacations, not to mention gift shopping. So, just as Christmas and December are a spending spree in the West, the month of January has a similar pattern to the East.

Blame it on the moon

With nearly $ 20,000 Wallin is at once imperturbable or surprised. "The January drop is a recurring theme in crypto-currencies as people celebrating the Chinese New Year, aka Lunar New Year, exchange their crypto for the fiat money," says Alexander Wallin, CEO of SprinkleBit's commercial social network, such as quoted by Bloomberg.

"The calendar is about four to six weeks before the lunar year when most people make their travel arrangements and start buying gifts," he added.

The party takes place on February 16. However, the accumulation is where people start to spend their money.And with the Chinese people heavily invested in Bitcoin, she has a huge role to play on the movement of the market.

The thoughts are that people have taken their profits in the construction of the New Year, turning their Bitcoin into currency to use for the purchase of gifts.

Strange Effects

Bitcoin is unwavering in the face of other market influences, tastes that disrupt the traditional stock market, etc. But this theory, if we believe it, highlights the way in which Bitcoin separates from others

In August, when tensions between Donald Trump and Kim Jong Un reached a climax, the overall world market fell by an average of one percent. However, Bitcoin was one of the only assets to report growth during this period.

An Emerging Model

Although it may be difficult to blame the market decline on something as strange as the moon, some evidence suggests that January n & # 39; 39 is not a good time to invest in Bitcoin.

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It does not appear. There are not too many models that have emerged in Bitcoin's price chart over its short life span, but there seems to be some sort of correlation between this time of year.]

What's at less pleasant, if there is a pattern, it is that a large gathering often follows the trough of January.