Make 9%+ on BTC During Chinese New Year: New Matrixport Report

• Matrixport’s new research report shows that the price of bitcoin (BTC) has risen by an average of 9% during every Chinese New Year (CNY) since 2015.
• According to the report, traders who purchased BTC at the end of the first day of CNY and sold it 10 days later would have made a decent 9%+ on their BTC holding.
• At the time of writing, the bitcoin price is hovering around the $22,900 level and could reach the $25,000 mark by February 1 if history repeats itself.

With the Chinese New Year (CNY) in full swing, Matrixport has released a new research report that gives a glimpse of the potential gains investors can make from buying Bitcoin (BTC) during this period.

The report, entitled “Chinese New Year, a Buy Signal for Bitcoin”, reveals that the price of Bitcoin (BTC), the world’s premier cryptocurrency, has gained an average of 9% during every CNY since 2015. The report further highlights that investors who bought BTC at the end of the first day of the CNY and sold it 10 days later would have made a decent 9%+ on their BTC holding.

Citing the CNY of 2017 as an example, the report explains that traders who bought BTC at the end of the first day of the CNY and sold it 10 days later made a 15% profit. Similarly, the CNY of 2021 and 2016 saw investors making 14% and 13% respectively.

At the time of writing, the bitcoin price is hovering around the $22,900 level. According to the report’s predictions, BTC could surpass the $25,000 mark by Feb. 1 if history repeats itself. This would represent a significant increase from its current level, providing a great opportunity for investors to make solid returns on their investments.

In conclusion, Matrixport’s research report shows that BTC could benefit from an upsurge during the CNY period, offering investors the chance to make significant returns. The report further highlights that investors who buy BTC during this time should ensure that they are able to sell it in the 10-day trading period following the CNY to maximize profits. In any case, investors should always do their own research before investing in BTC or any other cryptocurrency.