Bull market pullbacks are normal!
In the past few months, the market has continued to fluctuate and fall. The maximum pullback of Bitcoin reached 24%, while the altcoins generally fell sharply, and the prices of some currencies have even fallen back to the starting point, close to the price during the bear market. However, pullbacks are normal in a bull market. No market can continue to rise without experiencing a pullback. Bull markets in history have also experienced pullbacks many times.
Review of historical bull market cycles:
Between 2015 and 2017, Bitcoin experienced more than 4 plunges of more than 30%, including a direct halving caused by the 94 incident.
From 2019 to 2021, Bitcoin and Ethereum also experienced two serious halvings. One was caused by the 312 black swan event, and the other was due to the 519 event.
In comparison, this round of bull market cycle trends can be said to be quite mild.
Analysis of the current bull market cycle:
From 2023 to the present, the market has shown a spiral upward trend. It is worth noting that Bitcoin has not experienced a plunge of more than 30%.
Despite this, there have been three pullbacks of more than 20%:
From $31,840 to $24,900, a drop of -22%.
From $48,969 to $38,555, a drop of -22%.
From $73,777 to $56,552, a drop of -24%.
This is not the first time such a pullback has occurred, nor will it be the last in this bull market. We must learn to adapt to the normal fluctuations of the market. Short-term pullbacks cannot change the overall market trend. As long as the overall environment is still in the bull market stage, each pullback will become a springboard for the market to reach a higher peak. The current range of fluctuations is just the accumulation stage for the next wave of increases.
If you like spot trading, want to roll funds together, and stock up on bull market spot trading
Click on the avatar, follow me, comment 888, share with you, and wait for you in the circle!
In the current ups and downs of the market, blindly working alone will never bring opportunities! ! !
