The next few days might be very kind to bitcoin investors

Going back the last 3 years, bitcoin has gained during the first week of the new year every single time.

Yes, every year is different and it's tough to call a certainty out of just a 3 year trend, but it's also hard not to pay attention to something that has occurred 3 times in a row now.

These are the gains seen in the first week of January over the past 3 years:

• 2017 - 22% pump during first week of the year
• 2018 - 24% pump during first week of the year
• 2019 - 12% pump during first week of the year
• 2020 - ???

(Source: https://twitter.com/SalsaTekila/status/1211695710007156740)

If history were to repeat...

Bitcoin started 2020 right around $7,200.

If bitcoin were to follow this bullish pattern and see the lowest gain (12%) of the 3 mentioned above, we would see a price per bitcoin of just over $8k within the next 7 days.

If bitcoin were to see the highest gain (24%) of the 3 mentioned above, we would see a price per bitcoin just under $9k within the next 7 days.

For this first week, bitcoin could return something outside the range of these past 3 years for any number of reasons, and it probably will, but at least we have a trend of positive price action early in the year.

Which beats the alternative.

Stay informed my friends.

-Doc