🔁 Bitcoin has rallied 47% off its low. That sounds like a strong recovery - but has it happened before, and what happened next?
Binance Research looked at every time this happened since 2011 (7 times total):
When Bitcoin had fallen a LOT before bouncing → the bounce held, and price went on to new highs
When Bitcoin had only fallen a little before bouncing → the bounce failed 4 out of 5 times, and price dropped again
Right now, #bitcoin only fell a moderate amount before this bounce - putting it in the group that usually failed in the past.
🔗 Full report → Here
Do you think this bounce holds, or do we see another drop? 👇
⚠️ DYOR. Not financial advice.
$BTC
Binance Research looked at every time this happened since 2011 (7 times total):
When Bitcoin had fallen a LOT before bouncing → the bounce held, and price went on to new highs
When Bitcoin had only fallen a little before bouncing → the bounce failed 4 out of 5 times, and price dropped again
Right now, #bitcoin only fell a moderate amount before this bounce - putting it in the group that usually failed in the past.
🔗 Full report → Here
Do you think this bounce holds, or do we see another drop? 👇
⚠️ DYOR. Not financial advice.
$BTC