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CandyDrop
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Quick staking, earn potential new tokens
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Hold GT and get massive airdrops for free
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Investment
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Earn interests with idle tokens
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Auto-invest on a regular basis
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Buy low and sell high to take profits from price fluctuations
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Earn rewards with flexible staking
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One-stop lending hub
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Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
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New
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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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BlockBeats News, February 9 — Coin Bureau CEO Nic stated that Bitcoin has closed below the 100-week moving average for the third consecutive week. Currently, the price has been below the long-term trend line for 13 consecutive days.
Historical data shows that after BTC breaks below the long-term trend line, it typically remains below that level for an average of 267 days. The shortest duration was 34 days during the COVID-19 pandemic.
Therefore, based on historical experience, the market is more likely to stay at low levels for an extended period. A quick rebound is still possible, but the longer Bitcoin stays at a low level, the less likely such a rebound becomes.