The degree of correction in the bear market has decreased with each cycle.
Bear market 2011: down -94%. Bear market 2013-2015: down -87%. Bear market 2017-2018: down -84%. Bear market 2021-2022: down -77.5%. Based on this, this cycle may only decline modestly by about 60-65%. This means the bottom of the Bitcoin cycle will be around $45,000-$50,000.
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The degree of correction in the bear market has decreased with each cycle.
Bear market 2011: down -94%.
Bear market 2013-2015: down -87%.
Bear market 2017-2018: down -84%.
Bear market 2021-2022: down -77.5%.
Based on this, this cycle may only decline modestly by about 60-65%.
This means the bottom of the Bitcoin cycle will be around $45,000-$50,000.