Review of Three Typical Uptrends
First: From February 24, 2024, to March 14, 2024
Price rose from $50,526 to $73,764, an increase of 46%, sustained for 20 days followed by a 6-day pullback to $60,756, a decrease of 18%.
Second: From October 11, 2024, to October 30, 2024
Price rose from $58,800 to $73,615, an increase of 25%, also rising for 20 days followed by a 6-day pullback to $66,853, a decrease of 9.2%.
Third: From November 5, 2024, to November 23, 2024
Price rose from $66,853 to $99,549, an increase of 48.9%, rising for 19 days followed by a 4-day pullback to $90,808, a decrease of 8.7%.
It can be seen that the first two times had approximately 20 days of rising before starting to pull back, while the third time was nearly 19 days. Each pullback lasted about 4-6 days before starting a new round of increases.
This round of Bitcoin has been rising significantly since April 22, and it has also been about 20 days. Of course, market conditions are complex and changeable, and historical patterns cannot be simply applied, but this time frame can serve as a reference to prepare us psychologically for potential pullbacks.
