Despite its largest asset, Bitcoin (BTC) trading back above $20,000, the ຕະຫຼາດ cryptocurrency is still struggling, and its similarities and correlation with the ຫຸ້ນສ່ວນ market have often been used to draw some important lessons from the past.
One of them is the fact that bear market rallies, or periods when assets increase in value briefly during a broader period of decline, can be very enticing, as the senior research analyst at crypto market intelligence platform Messaria ທອມ ແດນລີວີ ກ່າວວ່າ ໃນເດືອນຕຸລາ 5.
Posting the charts of the past S&P 500 bear market rallies for reference, Dunleavy explained the appeal of such periods – one of which he says we’re in at the moment – especially considering the historical data that shows them “often exceeding 20% in short bursts.”
Source: https://finbold.com/crypto-expert-indicates-were-in-a-tempting-bear-market-rally-with-potential-gains-up-to-20/