TechFlow news, Matrixport released a chart today showing that Bitcoin's price has fluctuated between +20% and -10% over the past 30 days. Historically, when the price drops to -10%, investors who buy in typically achieve returns of up to 20%, or even 40%, in the following weeks. As long as Bitcoin remains in a bull market, this pattern may continue.
Prices could rise if Trump wins the U.S. presidential election or if the Federal Reserve cuts interest rates. However, due to uncertainties surrounding the U.S. election and economic growth, any rebound might take a longer time cycle, similar to previous 10% correction periods.
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