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According to the average Bitcoin Bear Market duration $BTC (391 days), the bearish market is already 55% complete. We have already been 216 days into it.
The lowest point of decline is still -52%, about 25% higher than the previous cycle.
So, in a cycle that shows no signs of change, we are still far from the typical percentage of bearish market decline and just a little over halfway through.
The narrative of the business cycle rebounding despite a clear failure at the end of last year, which projects a new peak for BTC. This is paired with calls for a bottom and claims that the Halving Cycle Theory is dead... again.
Let's see what happens!
#GateSquareMayTradingShare
#BTCBackAbove80K