While East Asia is preparing to close for the new year lunar holidays and turns to the year of the snake, it is time to return to Bitcoin (BTC) and the performance of Coindesk 20 (CD20) during The year of the dragon.
The brokerage based in Hong Kong, CLSA, has an annual tradition of forecasting the market performance during the coming year according to the lunar cycle, and with some minor adjustments, it is as applicable to the crypto as to the markets traditional.
Looking back last year, market wizards were right on money. Bitcoin increased by 137%, while Coindesk 20 (CD20), an index according to the largest digital assets, increased 128% in the past year. This crypto rally is largely thanks to the election of American president Donald Trump last November, who aligned himself with the volatility predictions of the Stargazers, then a rally, in the second half.
The only area where market forecasters missed the brand last year was Ether (ETH )’s performance. Citing the funds (ETF) and the FET) and the Dencun upgrade to the Ethereum protocol, analysts hoped that Dragon Energy would ignite the second largest digital asset on the market.
But that failed to materialize, and the ETH has increased only by 35% in the past year because it has had trouble following the gains on the market.
Now over the year of the snake. Clsa says that the market is linked to certain unpredictable twists while active – traditional and crypto – spray a path through the lunar months.
The year begins with cautious optimism, because the modest gains focused on liquidity reflect the raw green snake climbing in the trees for a point of view.
However, juvenile volatility, similar to the garter snake testing its limits, causes temporary falls in early spring. In the middle of the year, the fiery energy of the brown tree serpent suggests potential overvoltage, raising markets at long -visible heights.
Summer stagnates, according to the stars, the fall brings minor setbacks, but the year ends with a renewed momentum and a regular increase, highlighting the resilience and the adaptability of the crypto in a volatile market.
Of course, CLSA also reminds readers to ask for professional advice, and not on star advice, before investing, and their market predictions based on celestial advice is not counted as a research report.
