Bitcoin rebounded after falling below $64,000, pay attention to the next key time nodes
After rising to a high of $68,000 on July 22, Bitcoin has accumulated a 6% correction in the past three days, and this morning (26th) it once fell below $64,000. Fortunately, it quickly bottomed out and rebounded. As of the time of writing, it was quoted at $67,150.
Although the recent plunge in US technology stocks has once affected the Bitcoin market sentiment, judging from macro indicators such as on-chain data and historical trends, the Bitcoin bull market does not seem to be over yet.
November is usually the best month for Bitcoin, and the fourth quarter also tends to perform strongly.
Data shows that Bitcoin has a strong rise between the second and fourth quarters, and the latter usually performs best, reaching 93.38%, which shows that there is still hope for a sharp rise in October and November. This November coincides with the US election, and the market is currently paying close attention to whether Trump will be elected and his related political views.
Trump's thrilling shot last week reversed the recent decline of the entire cryptocurrency market and rebounded by more than 15%.
What everyone is most concerned about is that Trump will give a speech of about 30 minutes at the Nakamoto Stage from 2:00 to 2:30 pm on July 27, 2024. Converted to UTC+8 time, it is 3:00 to 3:30 am the next day (July 28).
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As for the effect brought by Trump, whether the market has already priced in in advance, or will he bring out bigger beef in the conference to push the market to continue to rise, it is also a time node worth paying attention to.
