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👉 Since the November 2022 Bear Market Bottom...💰🤔
✔️ Bitcoin has experienced the following retraces:
📊 -23% (February 2023) lasting 21 days.
📊 -21% (April/May 2023) lasting 63 days.
📊 -22% (July/September 2023) lasting 63 days.
📊 -21% (January 2023) lasting 14 days.
✔️ This current pullback is only the 5th major retrace since the 2022 Bear Market Bottom.
✔️ All of the pullbacks experienced just over -20% retracement depth.
✔️ Bitcoin has pulled back -16% thus far.
✔️ But the retrace began only last Thursday.
✔️ The current retrace has therefore barely lasted a week.
✔️ In sum, there are two key takeaways about retracements in this current cycle:
✔️ The closer Bitcoin gets to a -20% retrace, the better the opportunity becomes
✔️ Retraces need time to fully mature (at least 2-3 weeks, at most 2-months)
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