Do you know what date was yesterday? December 17th, 2019. The date when Bitcoin registered a pretty harsh fall in its price getting close to $6,500. Is that happening the first time this year? No. It did something similar in November as well.

There is something interesting though about this date, December 17. In 2017, on this date, Bitcoin peaked at about $20,000, and from there started to go lower and lower. Coinmarketcap says it was over $20k, but that's not relevant. What is relevant though, is that, exactly one year after, it bottomed at around $3,200.

From there it started gradually to gain momentum and after half a year, it peaked at $14,000, when lots of us were dreaming of over $20k Bitcoins. Played the contrarian however. $20k didn't happened though and since then it is in a continuous downtrend. One that lasted about half a year.

Yesterday, the 17th of December, as you may probably know, Bitcoin slipped from $6,800 to $6,500 and now is struggling to crawl back from where it felt. This might have been the bottom...or not, but there is an interesting pattern in here that got my attention, or a simple coincidence.

It took Bitcoin exactly one year, from December 17 to December 17, to fall from the peak and find a bottom. From there it had half a year of almost continuous price growth, followed by half a year of deflating prices, and yesterday on December 17 it might have bottomed for 2019, and begin another half year of price growth, or maybe a year.

Or it might get out of this, short but interesting pattern, and enter another one. It is nice to observe such cycles and honestly it feels like they're orchestrated...somehow. Now, I know I haven't discovered the wheel, or any key to successfully trading Bitcoin, but I am looking forward to the next half of year with more optimistic eyes.

What do you think about this? It's just a coincidence, or this pattern is worth paying attention to it?

Thanks for attention,
Adrian