how bitcoin has recently dipped to $56,500, prompting discussions about its price volatility.
However, historical data shows that such fluctuations are not uncommon in the cryptocurrency market. For instance, during the 2016–2017 cycle, Bitcoin went through five corrections, each ranging between 30–40%. Similarly, in the 2020–2021 cycle, there were five to six corrections, generally in the 15-20% range.
Surprisingly, in the current cycle, Bitcoin has experienced only two corrections exceeding 20%. These insights underscore the cyclical nature of Bitcoin's price movements and highlight the resilience of long-term investors in navigating such market dynamics.