đ **Bitcoin is up 47% from its bottom â but does that mean the recovery will last?**
Binance Research examined seven similar Bitcoin rebounds since 2011 to find out what happened next.
đ **After major crashes:** When Bitcoin suffered a deep decline before rebounding, the recovery held, and prices eventually reached new highs.
â ïž **After smaller declines:** When the drop was relatively mild, the rebound failed in 4 out of 5 cases, followed by another decline.
đ **What about now?**
Bitcoin's latest 47% rally came after a relatively moderate correction, placing it in the historical category where rebounds have often failed.
**The takeaway:** A strong bounce doesn't always signal the start of a lasting bull run. The decline that came before it may matter just as much.
#CryptoMarket #CryptoAnalysis
Binance Research examined seven similar Bitcoin rebounds since 2011 to find out what happened next.
đ **After major crashes:** When Bitcoin suffered a deep decline before rebounding, the recovery held, and prices eventually reached new highs.
â ïž **After smaller declines:** When the drop was relatively mild, the rebound failed in 4 out of 5 cases, followed by another decline.
đ **What about now?**
Bitcoin's latest 47% rally came after a relatively moderate correction, placing it in the historical category where rebounds have often failed.
**The takeaway:** A strong bounce doesn't always signal the start of a lasting bull run. The decline that came before it may matter just as much.
#CryptoMarket #CryptoAnalysis