Analysis: BTC may rebound in Q1 next year, current trend highly resembles the 2022 bear market
BlockBeats News, November 30, according to Cointelegraph, analyst Timothy Peterson stated that the current bitcoin trend is highly similar to the 2022 bear market. From both daily and monthly charts, the correlation between this year and 2022 bitcoin daily charts is 80%, while the monthly correlation is as high as 98%. If history repeats itself, a true rebound in bitcoin price may not occur until the first quarter of next year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreGlobal asset management giant BlackRock has announced that it has officially appointed Citigroup to provide specific middle-office service support for its US-registered iShares exchange-traded funds (ETFs), with related assets totaling as much as $4.0 trillion.
Biotechnology company Fate Therapeutics Inc announced that its current cash reserves are sufficient to sustain company operations until the end of 2027.
Crypto prices
More
