As East Asia is preparing to close down to Lunar New Year’s holiday and look against the Snake year, it’s time to look back on Bitcoin (BTC) and Coindesk 20 (CD20 )’s performance during the dragon.

Hong Kong-based broker CLSA has an annual tradition of predicting the market’s performance in the coming year based on the lunar cycle, and with a few minor adjustments it is as relevant to crypto as it is for traditional markets.

Looking back on last year, the market orders were right on the money. Bitcoin has increased by 137%, while Coindesk 20 (CD20), an index that tracks the largest digital assets has increased by 128% in the last year. This crypto -Rally is largely thanks to the election of US President Donald Trump last November, who stood up with Stargazers’ predictions of volatility, then a rally, in the second half.

The only area where market forecasts missed the brand last year was Ether’s (ETH) performance. The analysis, which refers to the then-expected Ether Bearing Funds (ETFs) and the Dencun upgrade to the Ethereum protocol, hoped that Dragon Energy would ignite the market’s second largest digital asset.

But it couldn’t be realized and ETH has only risen by 35% in the last year when it struggled to quit the market’s winnings.

Now on to the year of the snake. CLSA says the market is on its way to some unpredictable terms, as assets – both traditional and crypto – run through the moonbirds.

The year begins with cautious optimism as the liquidity -driven message gets mirroring the rough green hose climbing into trees for a vantage point.

However, youthful volatility, similar to Garter Snake, who tested its boundaries, brings temporary falls in early spring. In the middle of the year, the brown energy of the Brown Tree Snake suggests a potential wave, lift markets to heights that have not been seen for a long time.

Summer stagnates, according to the stars, autumn brings less setbacks, but the year ends with renewed momentum and a stable increase that highlights Crypto’s resilience and adaptability in an unstable market.

Of course, CLSA also reminds readers of seeking professional advice, not the guidance of the stars until they invest, and their market predictions based on heavenly guidance do not count as a research report.