Can Bitcoin's 47% Rebound Hold? What Binance Research's Data Shows

Your call?🐂 Bullish🐻 Bearish

47%

rebound from July low

$BTC

$86,355

+0.3%

$BNB

$785.90

-0.5%

Bitcoin (BTC) 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…