Every Bitcoin bear cycle, the max drawdown steps down a Fibonacci ladder:
๐ด 2011: -93.7% (Drawdown) - (Fib: 94.1%)
๐ด 2013โ15: -86.9% (Drawdown) - (Fib: 88.6%)
๐ด 2017โ18: -84.2% (Drawdown) - (Fib: 88.6%)
๐ด 2021โ22: -77.6% (Drawdown) - (Fib: 78.6%)
๐ด 2025โ26?: -??% (Fib: 61.8%) โ Projected
Each cycle undershoots the Fib by 1โ4pp never hits it exactly:
-1pp (60.8%) โ $49,481
-2pp (59.8%) โ $50,745
-3pp (58.8%) โ $52,008
-4pp (57.8%) โ $53,270
From the $126K ATH, the Fib ladder puts the bottom zone at $48Kโ$53K
Does the ladder hold?
Where do you think we bottom? ๐
#Bitcoin #BTC #Crypto
@saylor@phongle Can you hire some quants or get better OTC deals. How does a firm (called STRATEGY) this large buy btc at 64.5k then sell it at 60.1k within a few weeks.
@pamsson yah i saw that, but thats not consistent. His attitude is consistent and it shows. However, if you remember the year he came over and played 3B during the playoffs. He was a ballplayer then. Something's changed.
@btc_charlie coinbase card giving you 4% back in btc during a bear market/trend. no card will beat the amt of rewards u get from this card in 1-2yrs. you must sell your btc in 2-4 yrs tho!
@GinaMuscato Someone send this to Hal. But add 3+ games to Jazz, that dude plays with 0 fire or a want to win attitude. He's just a flashy, all for show type dude, not a ball player