Recent wild moves of Bitcoin are all over the media with stories of fresh new crypto billionaires, exchanges hacked, huge volatility on up and down days.
We are not surprised by either of these moves as correlation of Year To Date performance of Bitcoin vs its seasonality patterns (2012-2016) stands at 87% which is very strong number.
Going into year end we expect volatility to calm down as the seasonality points in that direction.
Bitcoin’s seasonality for the period 2012-2016.
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