Research on The Past Events and Price of Bitcoin During Lunar New Year-Average Annual Growth About 300%
With Lunar New Year approaching, the world sees once again mass migration. Will this have a significant effect on the price of Bitcoin?
After a thorough investigation on Bitcoin's price fluctuation during the Lunar New Year from 2011 to 2018, it was found that Bitcoin's price has steadily grown every Lunar New Year by an average of 291.53% with one exception. The price of Bitcoin on the day of Lunar New Year in 2015 fell 71% as compared to that in 2014. Changes on Bitcoin's price during every Q1 were affected by the market climate in last years, such as market sentiment, government policy, attention attracted etc. The price of Bitcoin fluctuated both before and after the Lunar New Year, the probability of price going up on the day of Lunar New Year was higher than a week before or after it.
To investigate the possible effect of Lunar New Year on the price of Bitcoin, the report presents elaborate deions and analyses about Bitcoin's year-around price trend from 2011 to 2018 by sorting out historic events of Bitcoin throughout the years. The report provides a reference to the understanding of history and future trends of Bitcoin.
Click here to download the full Report in PDF format：LINK
Declaimer: The research is a study based on the observed market data. Though we have tried to be as prudent and accurate about the data, it can not guarantee a 100% accuracy. This research should not be used as a reference to your investment.
Gate.io is an established blockchain assets exchange, dedicating to security and user experience. On gate.io, you can select from a diversified portfolio of assets and enjoy instant withdrawal service.
Get 30% trading fee in the affiliate program at https://www.gate.io/myaccount/myreferrals
Gate.io New Features:
Spot Trading on Gate.io (200+ tokens): https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short): https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading: https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return): https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io: https://www.gate.io/c2c/usdt_cny
Download Gate.io APP: https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE): https://www.wallet.io/
Follow us and get updated at (Follow as to win bonus)
Jan. 21, 2019