Bitcoin Targets 48,000 in Short Term
Strong Historic Track Record Around Chinese New Year
10X Research's Markus Thielen: Bitcoin Has Once Again Taken Center Stage
In the midst of the ongoing Lunar New Year of the Dragon (pronounced Long), Bitcoin has once again taken center stage, surpassing its previous all-time high.
According to 10X Research's Markus Thielen, Bitcoin's strong historic track record around the Chinese New Year is a major factor in its current surge.
Thielen notes that in 2013, Bitcoin experienced a 10X gain during the Chinese New Year period. In 2017, it gained 5X. And in 2021, it gained 3X.
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