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Shayan_Kardo
May 3, 2021 10:54 AM

Bitcoin and US Tax Day Historical Data 

Bitcoin / United States DollarCoinbase

Description

The 17th of May is Tax Day in the US. I was curious how the market reacted to this event historically for BTC.

In 2016, the market was going sideways before and after.
In 2017, there was a dump before the tax date, however, it pumped before the Tax day.
In 2018, BTC was in a bear market, but there was a dump following by a short pump after Tax Day.
In 2019, the following weeks to the Tax Day, BTC went sideways, few days before the Tax Day, it pumped but it went sideways before another pump.
Last year, it was going sideways before the Tax Day and then pumped after.
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