Encryption analyst Phyrex wrote that the BTC turmoil caused by the US SEC’s lawsuit against major cryptocurrency exchanges may be a harbinger of BTC’s short-term gains.
BTC fell more than 5% on Monday before recovering more than 5% on Tuesday; similar consecutive see-saw moves of at least 5% have occurred five times in the past two years, according to data compiled by Bloomberg Average gains of nearly 11% over a 30-day period.
According to historical data, as long as the SEC sues and causes BTC to fluctuate by 5% or more in a row, the price of BTC will often rebound by 11% in the next 30 days. According to the current price, the price of BTC can touch 30,000 US dollars before the beginning of July.