Bitcoin has always had a massive drawdown with every cycle with a clear pattern:
2011 BTC makes new ATH's and has a 93% drawdown
2013 - 2015 same thing happens new ATH & 87% drawdown
2018 - 2019 again the pattern repeats itself this time followed by a 84% drawdown
2022 here the same thing happens new ATH's & 77% drawdown
Each time these drawdowns happen they get smaller and smaller with each passing cycle.
We can expect BTC to follow a similar pattern with this cycle so the two clear bottoms i think we could see are either 50k or if it doesn't hold 38.5k.
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