Is the period around Christmas really the bottom of the Bitcoin bear market? You need to know this 2014 price pattern.

Bitcoin prices frequently hit bottom around Christmas, which has become an old legend in the crypto circle. Starting from $0.25 in early 2010, Bitcoin has surged nearly 400,000 times over the past 14 years, but during this crazy rise, several key bear market bottoms have indeed coincided with the Christmas period.

Historical patterns are in front of us

Data clearly shows: around Christmas 2014, Bitcoin dropped to $319; during the Christmas season of 2018, the price fell to $3,815; and at the end of 2022, it bottomed out near $16,831. Nano Labs founder Kong Jianping recently shared this observation, believing that this cyclical adjustment reflects a certain rhythm in the market.

Of course, the predicted price of $88,000 in 2025 is a correction from the highs of 2024, but considering the current BTC price at $92.64K, the market seems to be digesting expectations of this cyclical adjustment. Such volatility is essentially a normal part of growth for emerging store-of-value tools like Bitcoin.

Technical indicators are also speaking

Interestingly, behind this price cycle pattern, there is also a change in mining hash rate. Reports indicate that Bitcoin’s hash rate has recently declined significantly, with at least 400,000 mining rigs shut down. This usually means that, under bear market pressure, small and medium miners are exiting, leading to a more centralized market.

From a macro perspective, all of this points to the same conclusion: although the volatility of the digital asset market is intense, there is a clear cyclical logic behind it. Each Christmas adjustment may be a periodic reshuffle for long-term holders.