🔥 BITCOIN BOTTOM. Bitcoin bear markets have gradually become less deep



-91.4%
-85.4%
-83.3%
-76.7%
-53% - NOW!

The average “softening” from cycle to cycle is about 4.9 p.p.
A mathematical continuation of the old pattern: the zone of the current decline is -60% / -65%, so it’s roughly $40,000 – $50,000.

But! Remember that Bitcoin’s structure back then and now is different—now the market has more: ETFs, institutions, a deeper market, and more liquidity.
BTC-1.24%
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