In the history of Bitcoin, there have been 12 August trends since 2013, with 4 instances of rise and 8 instances of fall. The largest rise occurred in August 2017, with a monthly increase of 65.32%; the largest fall occurred in August 2015, with a monthly decrease of 18.67%. From 2013 to the present, the average return rate of Bitcoin's August trends is 1.75%, with a median return rate of -8.04%.



In the past few days of the live broadcast, we have also observed that August has been a month of correction in recent years. Today, I saw a news flash that compiled the market performance of August over the last 12 years. Although it is relatively negative, I noticed a piece of good news: August is generally a correction before a rise, as the maximum decline over these 12 years has only been 18%. Isn't that good news? This means that players who hold spot assets really don't need to be afraid; the most it has fallen in August over the last 12 years is less than 20%. Moreover, historically, September and October have had a high probability of rising. So, a decline is a good opportunity to accumulate positions.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Share
Comment
0/400
XiaoYuxinvip
· 08-01 05:19
Hold on tight, we're about to To da moon 🛫
View OriginalReply0
GateUser-b9a8c2acvip
· 08-01 04:09
Just go for it💪
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)