Year of the Rabbit could signal a Bitcoin bull run
Bitcoin Ang Year of the Rabbit ay maaaring magsenyas ng Bitcoin bull run 11 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Analysis from the crypto financial services platform Matrixport uncovered a Bitcoin Lunar New Year trading strategy that has worked every year since 2015. Twitter user @tier10k explained that buying Bitcoin on Lunar New Year day, then selling ten days later, has yielded an average 9% return between 2015 and 2022. Further, this strategy has a 100% hit rate of positive returns to date. The chart below shows following this strategy in 2017 yielded the most significant return, at 15%. By contrast, 2018s result, although a positive return, was relatively negligible, paying back just 1%. Source: @tier10k on Twitter.com It remains to be seen if this pattern will hold for 2023. Ang Taon ng Kuneho Ang petsa of the Lunar New Year is determined by the second new moon after the winter solstice, meaning it varies from year to year. This year, the Year of the Rabbit began on Jan. 22, kicking off 15 araw of celebrations that will culminate with the Lantern Festival on Feb. 5. Incidentally, the kuneho represents wealth and prosperity. Bitcoin closed Jan. 22 priced at $22,700. If the Lunar New Year pattern holds for 2023, a