Rekt Capital: The altcoin market will enter a bull market in 2024 after undergoing backtesting
Rekt Capital on X platform: Altcoin Market Cap has already performed two historic retests (green and then yellow circled retests). The third historic retest lies ahead (blue circle). History suggests it will also be successful and will precede phenomenal upside in 2024
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Goldman Sachs Volatility Panic Index surged to 9.57, approaching its maximum value, with the largest single-day increase ranking third in history, and the combined two-day volatility setting a new record. Historical data shows that after this index has exceeded the 9.5 threshold 15 times, the S&P 500 has seen an average three-month gain of 4.6% with a success rate of 80%. However, Goldman Sachs traders warn that forced liquidations have not yet fully cleared, and the market is still searching for a bottom, but opportunities on the other side are becoming increasingly difficult to ignore.
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