Bitcoin (BTC), 67% Probability of Decline in August-September... Fell 8 Times in the Past 12 Years
JH Kim
Summary
- The on-chain analytics platform Lookonchain analyzed that Bitcoin (BTC) has historically declined in August and September with a 67% probability during the past 12 years.
- It was also mentioned that investors this year should keep in mind the historical probability of declines between August and September.
- In the early hours of the 2nd, it was reported that the BTC price on Binance was trading at $115,658.19, down 2.23% from the previous day.
On the 1st (local time), the on-chain analytics platform Lookonchain analyzed, "In the past 12 years, there have been a total of 8 years when the price of Bitcoin (BTC) declined in August and September, with a probability of decline reaching approximately 67%."
Meanwhile, as of 01:12 on the 2nd, BTC was trading at $115,658.19 on the Binance Tether (USDT) market, down 2.23% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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