Why do I believe the bull market has not ended? Historical data reveals future trends!
Recently, the price of Bitcoin plummeted, dropping to a low of $93,000 yesterday, with other altcoins also generally falling by 20-30%. This has caused panic among many investors, and some voices even suggest that the bull market is over. However, I believe that the bull market has not ended.
First, the Federal Reserve's hawkish policies still affect the market, but with Trump's potential return to power, these policies may ease, which would be a positive signal for the market.
Second, with Christmas approaching, Western holidays typically bring market volatility. As institutional funds become less active during the holiday season, some institutions may choose to withdraw funds to avoid risks, especially in the context of the cryptocurrency market, which trades 24/7. During the holidays, if the coin price crashes, institutional investors may face significant losses, so they are more inclined to seek safe havens.
Let's take a look at the historical price performance of Bitcoin before and after Christmas (see the chart below). The following data starts from 2017, as institutional funds had less involvement in the crypto market previously, and large-scale inflows of institutional funds began with the last bull market.
