The recent correction of Bitcoin (BTC) (around 30%) has once again raised doubts among investors. However, anyone looking back at earlier bull markets (like 2017) will quickly find that this behavior is far from unusual. In fact, Bitcoin currently seems to be repeating a well-known cyclical structure where corrections and consolidations are crucial for further gains.
Why corrections occur precisely in a bull market
When Bitcoin shows a sharp decline, many investors panic. However, in a bull market (when prices rise faster than in an ordinary market), this is essential. They serve a clear function: resetting overheated momentum indicators, shaking out weak hands, and gathering new liquidity for the next impulse.
When the price acts at a higher level, the absolute correction will become larger. A decrease of 30% multiplied by $70,000 feels much higher than $10,000, while in a sense, it is equally normal.
2017 Correction – A Mirror of Today?
If we compare the current price promotion with the prices of 2017, we see astonishing similarities. In the spring of that year, Bitcoin also underwent about a 30% correction before attempting to break the old historical highs. This was followed by a period of volatility – brief attempts interspersed with pullbacks – before a real breakout finally occurred.
When we place the bars from that period (a visual overlay of the price structure) over the current correction, the similarities become striking. The structure of a double top, sharp pullbacks, new attempts around the highs, and consolidations – it is almost the same as what we are seeing now.
Historical highs vary
What many underestimate is that Bitcoin rarely shoots straight up during periods of historical highs. Usually, there are pullbacks first, then a second or third test of the high, followed by a convincing breakout. These initial attempts often disrupt profits, liquidity zones, or psychological resistance.
Therefore, it is not surprising, and even healthy, to have small pullbacks now. On the contrary, this does not mean that the Bull Market is over: it usually indicates that the market is preparing for a stronger and more sustainable breakout.
Conclusion
For Bitcoin, our market structure is almost classical. Historically, a 30% correction is normal, especially at significant price levels, such as historical highs. If we look back at 2017, we can see the same correction phase before the final breakout.
As long as Bitcoin continues to set higher lows structurally and maintains the macro trend structure, these corrections present more opportunities than risks. What we are seeing now is not a weak signal but a pullback that makes the next leap possible.
The past does not always repeat itself accurately, but it often provides valuable insights into what might happen.
