🚨Breaking! A review of Bitcoin's performance during the Spring Festival over the past 10 years!
During the Spring Festival, the Bitcoin market never takes a break! Let's review the price performance of Bitcoin during the Spring Festival over the past 10 years and see if there are any hidden "Spring Festival curses"!
1. Spring Festival 2014 Date: January 31 Price: $813
Post-Spring Festival Review: Continued sideways movement, market sentiment remains cautious.
2. Spring Festival 2017 Date: January 28 Price: $923
Post-Spring Festival Review: The bull market journey begins after the Spring Festival, breaking $19,000 within the year!
3. Spring Festival 2020 Date: January 25 Price: $8,339
Post-Spring Festival Review: A short-term crash due to global pandemic impact, but then enters a major bull market.
4. Spring Festival 2021 Date: February 12 Price: $47,243
Post-Spring Festival Review: Historical highs are continuously refreshed, market enthusiasm is unprecedentedly high.
5. Spring Festival 2023 Date: January 22 Price: $22,740
Post-Spring Festival Review: Alternating between bull and bear markets, volatility intensifies, and market divergence is evident.
The logic behind the Spring Festival market!
1. Emotion-driven
During the Spring Festival, the trading activity in the Asian market decreases, and emotional fluctuations may lead to price anomalies.
2. Liquidity contraction
During traditional holiday periods, trading volume decreases, making prices susceptible to large capital influences.
3. Macroeconomic and policy
The market performance before and after the Spring Festival is often closely related to the macroeconomic environment and policy direction of the year.
Spring Festival market patterns: Signals or coincidences?
From the data of the past 10 years, there is no fixed pattern for Bitcoin's Spring Festival performance, but there are the following trends:
- Bull market Spring Festival: Prices are likely to rise after the festival.
- Bear market Spring Festival: Severe fluctuations, often resulting in corrections after the festival. - Sideways market Spring Festival: Continued sideways movement, lacking a clear direction.
The primary market can pay attention to Ethereum chain ρꪊρρⅈꫀડ.
Do you think Bitcoin will rise or fall this Spring Festival? Comment in the message area!
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