Analysis: The current trend in the encryption market is similar to that of March 2022 or August 2023

Bitget App

Trade smarter

Bitget2024/08/13 06:04

Trader Eugene Ng Ah Sio posted on the X platform, stating that the current crypto market price trend is similar to that of March 2022 or August 2023. He reminded investors to carefully choose the direction they are optimistic about. Based on Bitcoin's historical price data, in March 2022, Bitcoin rebounded to a local high point below the top and then continued to fall for several months; in mid-August 2023, Bitcoin quickly fell and then briefly consolidated sideways before continuing to rise until it reached a new all-time high.

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

U.S. stocks closed three hours early due to the Thanksgiving holiday, with the three major indexes collectively rising for the fifth consecutive trading day.

Data: If ETH falls below $2,886, the cumulative long liquidation intensity on major CEXs will reach $1.206 billions