🪙 Bitcoin has rebounded 47% from its low
Sounds like a strong recovery—but has this happened before, and what came next?
Binance Research studied every such case since 2011—there were 7 in total:
— When Bitcoin had fallen sharply before rebounding → the rebound held, and the price went on to reach new highs
— When Bitcoin had fallen only slightly before rebounding → the rebound failed in 4 out of 5 cases, and the price fell again
This time, Bitcoin fell moderately before the rebound—which puts it in the group that historically hasn’t usually held.
→ Полный отчёт
🔥— if you think this rebound will hold
🕊— if you think there’ll be another drop
Sounds like a strong recovery—but has this happened before, and what came next?
Binance Research studied every such case since 2011—there were 7 in total:
— When Bitcoin had fallen sharply before rebounding → the rebound held, and the price went on to reach new highs
— When Bitcoin had fallen only slightly before rebounding → the rebound failed in 4 out of 5 cases, and the price fell again
This time, Bitcoin fell moderately before the rebound—which puts it in the group that historically hasn’t usually held.
→ Полный отчёт
🔥— if you think this rebound will hold
🕊— if you think there’ll be another drop