Not sure whether it will happen or not is a bit like trying to find a sword by carving a mark on a boat.
If history is any guide, the#BTCturmoil sparked by the SEC’s lawsuit against major crypto exchanges could be a precursor to short-term gains for BTC. BTC fell more than 5% on Monday before recovering more than 5% on Tuesday as investors first digested the agency’s lawsuit against Binance and Coinbase.
According to data compiled by Bloomberg, similar continuous seesaw fluctuations of at least 5% have occurred five times in the past two years, and have portended an average rise of nearly 11% in the following 30 days. Caroline Mauron, co-founder of OrBit Markets, a digital asset derivatives liquidity provider, said: "Despite a wave of negative news, the market has shown amazing resilience." The regulatory environment in the United States will also be clearer.
To put it simply, according to historical data, whenever the SEC sues and causes BTC to fluctuate by 5% or more for a consecutive period, the price of BTC will tend to rebound by 11% within 30 days. According to the current price, the price of BTC should be able to reach US$30,000 before early July.
Of course, this is just a case of trying to find a sword by imitating the feet. It can be used as a reference, but it should not be used as an investment guide.
