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Bitcoin Cycles: Get Ready To Buy

Cycles exist in all markets. The researcher simply needs enough data to compute meaningful cycles. The first attempts at computing cryptocurrency cycles were not successful because insufficient data produced unstable cycles. Over the past few months, the cycles have become more consistent.  

The first graph is a monthly histogram depicting the price behavior of the Grayscale Bitcoin Trust (GBTC). We can see that the month of May has been the strongest in this short six-year history. Bitcoin has risen in four of the five years for an average 63.1% gain or an expected return of 50.5%. This strong month has been followed by four months of seasonal weakness.

Sourse: forbes.com

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Category: News | Views: 116 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoin Price #BTC | Rating: 0.0/0
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