Post #55

BTC #Macro analysis 📈 Analyzing the historical patterns of Bitcoin drawdowns brings interesting insights. It appears that November's low might have marked a significant long-term bottom, considering the minor, not to say weak, extent of price declines during the recent upward movement. This can mean two things: Bitcoin is much more stable today than the years before, or we will have a big drawdown soon. Our research suggests the latter is the case, a fragile market being hit by a smaller black swan event would create such a situation. A legend of bottoms from previous cycles and their corresponding later drawdowns: 🟨 Genesis to 2011 Bull Peak Drawdown: -49.4% 🟥 2011-2013 Bull Peak Drawdown: -71.2% 🟦 2015-2017 Bull Peak Drawdown: -36% 🟩 2018-2021 Bull Peak Drawdown: -62.6% 🔳 2022+ Bull Peak Drawdown: -18.6%