📊 Bitcoin's bull market correction journey: The ups and downs of 2024 are similar to the previous bull market cycle!
🚀Hello everyone! Today we are going to talk about Bitcoin's sharp correction in the 2022+ cycle. Bitcoin's performance this year can be described as twists and turns, and it has experienced several large corrections of more than 20%, which is quite similar to the past bull market.
🔍What is a bull market correction? Simply put, it is a decline in a bull market. Bitcoin's corrections this year are the kind that fell more than 20% from the highest point.
🌪️ Historical big drops: Remember between 2018 and 2021? At that time, Bitcoin's decline reached 61.8%! Although this year's correction is also quite fierce, it seems not so deep in comparison. This may indicate that Bitcoin is becoming more and more mature as an investment asset, but it also reminds us that Bitcoin's bull market is still accompanied by violent fluctuations.
💡 Why is the market adjusted? Historically, these big drops are actually the path that the market must take before rebounding. The Bitcoin bull cycle in 2022 in the chart below has also experienced some serious drops, but this is also part of the healthy development of the market.
👀 This cyclical behavior tells us that understanding past patterns is very important to understanding the current market. At the same time, these drops are not only risks, but also signals of opportunities.
🤔 What do you think of these big pullbacks in Bitcoin this year? Do you think this is a sign of market maturity or a normal pullback of cyclical fluctuations? Share your views in the comments!
