Why I believe the bull market has not ended? Historical data reveals future trends!
Recently, Bitcoin's price plunged, dropping to a low of $93,000 yesterday, and other altcoins also generally fell by 20-30%. This has caused panic among many investors, with some voices claiming that the bull market has ended. However, I believe the bull market is not over.
Firstly, the Federal Reserve's hawkish policies still affect the market, but with the potential return of Trump, policies may ease, which would be a positive signal for the market.
Secondly, with Christmas approaching, Western holidays usually bring market fluctuations. As institutional funds become less active during the holidays, some institutions may choose to withdraw funds to avoid risks, especially in the context of the 24-hour continuous trading in the cryptocurrency market. During the holidays, if the price of coins crashes, institutional investors may face substantial losses, so they are more inclined to choose hedging.
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 were less involved in the crypto market before that, and large-scale institutional investment began with the previous bull market.
