šØ Bitcoinās 16% Drop: Still Modest Compared to Cycle Averages! šØ
Bitcoin has experienced a 16% correction from its all-time high (ATH), marking a major pullback in its current cycle. However, historical data reveals this drop remains within normal limits when compared to previous market cycles.
š¹ Key Insights from the Correction:
ā The drop exceeded the cycleās average drawdown (-8.54%) but remains far from the maximum drawdown (-26.25%).
ā Yesterdayās price crash below $86K sent shockwaves through altcoin marketsāDOGE, SOL, and SHIB hit new yearly lows.
ā Bitcoin's volatility in this cycle is lower than in previous cycles, signaling a more mature market.
š Bitcoin Volatility: How This Cycle Compares
Bitcoinās past cycles have seen far greater drawdowns:
šø 2011-2013: -19.19% average, max drop -49.45%
šø 2015-2017: -11.49% average, max drop -36.01%
šø 2018-2021: -20.41% average, max drop -62.62%
ā” Current cycle: The least volatile so far, indicating increasing market stability.
š¹ Bitcoinās Growth: 826 Days Since the Cycle Low
Bitcoin has grown 5.48x since its $15,400 low in January 2023. But how does this compare to past cycles?
š¹ 2011-2015: 284.28x increase š
š¹ 2015-2018: 7.26x growth š
š¹ 2018-2022: 16.86x surge š„
Although this cycleās performance appears modest compared to previous bull runs, Bitcoinās lower volatility and steady growth reflect its increasing institutional adoption.
š BTCās Outlook Amid Bearish Momentum
š» Bitcoin briefly recovered to $89K today but has since dropped back to $85,500.
š» On-chain data suggests $92,500 is the key level for a bullish recovery.
ā ļø If BTC fails to reclaim this level, a potential revisit to $71K remains on the table.
š Whatās next for Bitcoin? Will we see a sharp bounce back or further downside? Share your thoughts! š
š Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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