#BTC
From the bear market bottom in November 2022...
Bitcoin experienced the following corrections:
• -23% (February 2023) lasting 21 days
• -21% (April/May 2023) lasting 63 days
• -22% (July/September 2023) lasting 63 days
• -21% (January 2024) lasting 14 days
• -18% (March 2024) lasting 7 days
• -18% (April 2024) lasting 11 days if low was $58,700
Renewals in this cycle often last 2-3 weeks, but in rarer cases up to 2 months
Overall, there are two main takeaways regarding retracements in the current cycle:
• The closer Bitcoin gets to the -20% retracement, the better the opportunity becomes
• Most often, retracements last only a few weeks, and then they return to growth
