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No, Chinese New Year Won’t Trigger a Bitcoin Pullback
Summary: Chinese New Year this year will fall on January 25, and people are commenting on its impact on Bitcoin price. Although certain entrepreneurs are advised not to do business on certain Chinese traditional holidays, statistically, market anomalies have occurred way before the festival date. Bitcoin history suggests that a dump close to the Chinese New ...
Chinese New Year this year will fall on January 25, and people are commenting on its impact on Bitcoin price. Although certain entrepreneurs are advised not to do business on certain Chinese traditional holidays, statistically, market anomalies have occurred way before the festival date.
Bitcoin history suggests that a dump close to the Chinese New Year will be very unlikely, daily returns in the three weeks preceding the date show that digital currency has largely traded sideways, according to News BTC.
By Claudia Rivera
Tags: Bitcoin,Chinese New Year,Drop
Link: No, Chinese New Year Won’t Trigger a Bitcoin Pullback [Copy]
