Market News / Story
Can Bitcoin's 47% Rebound Hold? What Binance Research's Data Shows
Beincrypto ·
Beincrypto reports: Bitcoin has rallied nearly 47% from its July low. However, Binance Research found that similar rebounds retested their lows in 4 of 5 past cases. The research ties each outcome to the depth of Bitcoin’s drawdown from its peak. This time, the signal fired 35.6% below the high, inside the group that mostly failed. Why Does a Shallow Drop Make Bitcoin’s Rebound Fragile? Binance Research’s weekly report tracked a two-part signal. Bitcoin must close at least 40% above its…