Here is some analysis
2014 - 2017
- 35% pullback after all-time high
- 3 months of consolidation before ATH
- Parabolic price action afterwards
- Never returned to previous high
2018 - 2021
- 17% pullback after all-time high
- 1 month of consolidation before ATH
- Parabolic price action afterwards
- 23% below previous all-time high
2021 - 2024 (to date*)
- 24% pullback after all-time high
- 3.5 months of consolidation before all-time high
- Parabolic price action afterwards
- I think another drop below 69k is possible in the future
Longest consolidation period since all-time high: My reasoning: We did this before the halving (first time in history).
A longer consolidation in this range: a higher, longer and healthier breakout will occur in 2024-2025.
