I see predictions left and right about what could happen in 2023. And I think to myself if pigs could fly they would be much harder to catch.

You got it.

I do not give a pig's tail about what potentially could happen in 2023. Instead, I prefer to use data.

Not that it makes me happy, but I trust it a bit more than flying pigtails.

So what do we know about 2023, well the macroeconomics are not suddenly going to change so I am not even touching that. I will just have a look at the stats.

And they are not making January out to be a happy month.

It seems that the drops in January are the worst in the year of the bear, but the year after also does not look blissful. both 2015 and 2019 are bloody red. Now January tends to be red anyway especially if you compare it to February, a month that did very well in the year after the bear. Although it might just recover what was lost the month before.

So overall, don´t expect any miracles soon, 2023 will be a year of accumulation. All coins have had their worst drop, so there is not a lot of room to drop much further, but I do not see any huge rallies.

But I am not 100% doom and gloom because Bitcoin prices on January 1st of the last 10 years show a pattern. 

BTC Price On Jan 1st

2023 - $16.500

2022 - $47,424

2021 - $29,261

2020 - $7,220

2019 - $3,846

2018 - $13,657

2017 - $998

2016 - $434

2015 - $314

2014 - $771

2013 - $13

2012 - $4

The pattern is that there is only one bad year in every 4-year cycle.

So I  am not predicting anything but based on the data I am pretty confident that on January 1st of 2024 BTC price will be above 20K once again.

Thanks for the read!

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