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Bitcoin bear markets have become less severe with each cycle:
2011: -94%
2014: -87%
2018: -84%
2021/22: -78%
2026: -56% (so far, with $BTC at $60k)
I'm not expecting a 70%+ drawdown this cycle, but it's worth keeping these levels in mind if we see further downside:
🔹 -60% = $50k
🔹 -70% = $38k
🔹 -80% = $25k
History doesn't repeat exactly, but it often rhymes.
Bookmark this post for reference.