Historically, the Chinese Lunar New Year or Spring Festival has influenced the Bitcoin market. Most often, the asset’s prices dip in the days leading to the event, over the years. 

Analyst at Singapore-based Stack Funds shed more light on Bitcoin’s performance with regard to the upcoming holidays. Head of research Lennard Neo expected market selling pressure to continue in the short-term, because of the Chinese New Year. However, Neo believed that the market conditions would provide…

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