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<p>An intriguing observation <a href="https://twitter.com/CryptoCon_/status/1746916012719579172" target="_blank" rel="noopener noreferrer nofollow">cited </a>by crypto analyst CryptoCon relates to the propensity for Bitcoin to form significant price peak events around the timing of major news announcements that theoretically should spark rallies.</p>
<p>In reality, the opposite effect takes hold once the developments finally materialize.</p>
<h2 class="wp-block-heading" id="examples-of-bullish-news-marking-tops">Examples of Bullish News Marking Tops</h2>
<ul>
 <li>December 2017: CME Bitcoin futures launch</li>
 <li>April 2021: Coinbase IPO came day of previous cycle</li>
 <li>January 2024: SEC approves Spot Bitcoin ETFs</li>
</ul>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="541" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-465-1024x541.png" alt="" class="wp-image-422324" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-465-1024x541.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-465-300x158.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-465-767x405.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-465-1536x811.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-465-2048x1081.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-465-284x150.png 284w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-465-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-465-663x350.png 663w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-465-788x416.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-465.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Additionally, he notes cases where major negative developments aligned closely with ultimate bottom formations:</p>
<ul>
 <li>November 2022: FTX collapse and bankruptcy marked the cyclical low</li>
 <li>March 2023: Silicon Valley Bank failure exact market bottom</li>
 <li>June 2023: – SEC declares 61 altcoins as securities. Preceded a durable low</li>
</ul>
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<p>The analysis suggests traders should view major adoption milestones or regulatory news, which typically appear unequivocally positive or negative, through a lens of contrarian skepticism rather than acceptance at face value.</p>
<p>These scheduled agenda items seem to have a consistent history of trapping participants on the wrong side of moves right as momentum reverses. Maintaining objective perspectives and utilizing other indicators prove critical during such potential inflection points.</p>
<p>You may also be interested in:</p>
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<p>The post <a href="https://captainaltcoin.com/bitcoins-trap-major-news-announcements-often-coincide-with-price-peaks-analysis-shows/" rel="noopener noreferrer nofollow">Bitcoin’s Trap: Major News Announcements Often Coincide with Price Peaks, Analysis Shows</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin’s Trap: Major News Announcements Often Coincide with Price Peaks, Analysis Shows

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