TechFlow news, Markus Thielen, founder and head of research at 10X Research, said the data over the next few days is of extreme statistical significance, as Bitcoin has tended to rise 11% around the Lunar New Year starting from February 10 (Saturday).
Over the past nine years, traders who bought Bitcoin three days before the start of the Lunar New Year and sold ten days after its beginning would have achieved solid returns.
Markus Thielen said the recent breakout above $45,000 marks the end of BTC's correction period that saw prices drop to $38,500 at the end of January, opening the door for a short-term target of $48,000 and a mid-term target of $52,000 by mid-March.
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