The Christmas Fever is over and cryptocorrency market is going to go down.

in #bitcoin7 years ago

I hate to bring the bad (for many) predictions, but everything suggests that the seasonal trend is over.

The internet searches are down:

https://trends.google.com/trends/explore?date=today%203-m&q=ethereum,altcoin,bitcoin

The traffic on the chains is down:

https://bitinfocharts.com/comparison/transactions-btc-eth-bch-ltc-dash-etc-sma7.html#3m

Active addresses are down:

https://bitinfocharts.com/comparison/activeaddresses-btc-eth-bch-ltc-dash-etc-sma7.html#3m

Historically Christmas and new year were a really good time for BTC/USD and January was a hangover.

I predict that for a month or two, the markets are going to be generally bearish.