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Helloooo out there in the world of Bitcoin!
My name is Trevor and today is the day we get the updated Historical Data Chart for Bitcoin!
Low and behold...
Now if you are looking at this chart for the first time and a little bit confused, do not worry.
For a better understanding of what we are looking at here with Bitcoin's price.
Make sure you check out the video in the article below for a more detailed explanation of how to read.
https://www.publish0x.com/trevor-balthrop/bitcoins-historical-monthly-chart-explained-xpplynr
Now let's get into what we see on our handy little data chart!
November closed and December opened at a price of about $57,005.00 USD per Bitcoin.
Compared to how we did last month where we had an open/close of $61,318.00 USD per Bitcoin.
This means we ended up closing this month in the Red since we ended up at a lower price point this month compared to last.
The price difference here was only about a 7.5% difference which may seem scary to some.
It could have been way worse if we didn't find support ending the month.
If you jumped into a position on the 1st of last month and still hodling, technically you would be underwater right now.
While that might be a painful situation right now for some, the good news is, we are actually right on track to breaking new All-Time Highs again!
If you can stick it out long enough here, those that bought the top and are underwater right now.
All of them will soon be in profit here towards the end of December going into the New Year.
Of course we may experience some very volatile times in the next coming weeks.
Once we truly see the "blow-off top" the whales have all been waiting for.
A lot of people by that time are going to wish they would have put a little bit more money right now while things are still ramping up.
Now of course this all could tragically change and many of us in the market right now still feeling Bullish could be wrong.
So like always please be safe and never spend more than you can afford to lose.
I am in no way a financial professional so everything discussed here should not be taken as such.
With that said though...
I am still extremely Bullish on the entire Bitcoin market right now and can't wait to see how this plays out.
Good luck out there hodlers and thanks so much for stopping by to read this month's update!
This is Trevor's signature ??
and article!
Check out the website
www.TrevorBalthrop.com
