📉 Has Bitcoin truly found its cycle bottom?
Looking back at previous bear markets, Bitcoin typically went through significant declines before forming a long-term low:
• 2015: roughly -87% from the peak
• 2018: roughly -84% from the peak
• 2022: roughly -80% from the peak
• 2026: currently about -60% below its ATH
Each cycle has generally experienced a smaller drawdown than the one before it. Some market observers believe the current correction may still be shallower than what has historically marked a definitive cycle bottom.
👀 If the pattern of decreasing drawdowns remains intact, a move toward the -68% region could be a key level to watch, potentially placing Bitcoin somewhere around $40K.
That said, no two cycles are identical, and past market behavior should be viewed as a reference point rather than a prediction. 📊🚀
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