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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Analyst: Historical data shows BTC may usher in a "breakthrough opportunity"
On September 24th, Rekt Capital analyst said that if the historical cycle pattern repeats, BTC may be on the edge of a breakthrough. He pointed out that BTC usually breaks through the accumulation range within 154 to 161 days after the Halving. It has been 157 days since the Halving event on April 20th, and it is currently within the breakout time range. Analysis shows that BTC has pumped about 9% this month, surpassing the performance of 6% in September 2016. Analysts point out that history does not always repeat itself in a cut-and-paste manner, but if it does repeat in this cycle: "BTC should break through its re-accumulation range in the next few days, i.e. this week." In addition, 9 out of the past 11 Octobers have achieved positive returns, with significant increases in both 2017 and 2021.