Matrixport published a chart stating that the Bitcoin price has fluctuated in the range of + 20% to -10% over the past 30 days. Buying when the price drops to -10%, investors can typically earn returns of up to 20% or even 40% over the next few weeks. This trend is likely to continue as long as Bitcoin remains in a bull market.
Prices are likely to rise if Mr. Trump wins the US presidential election or the Federal Reserve cuts interest rates. However, any rebound is likely to take longer cycles, similar to past 10 per cent correction periods, due to uncertainty over US elections and economic growth.
Matrixport: Bitcoin price volatility presents opportunities amid election and economic uncertainty
2024-09-04 07:10:53
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