Breaking news;

BTC returns to the $40,000 era?

If history repeats itself, Bitcoin prices could plunge 33% again;

Here are the reasons:

"Historically, Bitcoin likes to retest the annual opening price, and these retests can confirm bearish or bullish trends, but this is a consistent feature of Bitcoin's market behavior.

"Since 2017, the annual opening price has been retested every year except 2023 and 2024; for example, the bearish retest of the BTC price at the opening of 2018 occurred before the COVID-19 pandemic crash, and similar patterns were observed in subsequent years. “Even the 2019 open at $3,850 was retested during the 2020 Covid crash;

Also, the 2020 open was retested within the first 3 months of 2020. The 2021 open also retested and marked the lowest low before the massive rally that led to a peak of $69,000 before the FTX crash. “The 2022 open is a bearish retest similar to 2018, followed by a low around $16,500. Similar to the bottom that the retest at the opening of 2021 gave us, this gave us a local top;

I think this gives us a high probability target based on historical precedent, letting us know where we might find a local bottom; if BTC really repeats history, what would you do;

Finally, if you are a pure newbie and you want to rush into the cryptocurrency circle after seeing BTC hit a record high before, then I suggest you pay attention to me first, learn the knowledge of the cryptocurrency circle with me, and make up for your basic skills. Only by laying a solid foundation can you go further.

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