Bitcoin has seen six major pullbacks since 2022, the bottom of the bear market
According to Odaily, cryptocurrency analyst Rekt Capital revealed that since the bottom of the bear market in November 2022, Bitcoin has seen six major pullbacks, each exceeding 20% in depth. These declines occurred in February 2023, April-May 2023, July-September 2023, January 2024, March-April 2024, and May-June 2024, with the decline ranging from -16% to -23.7%.
As of now, the depth of Bitcoin's decline is -16%, lasting for 35 days. This has not yet reached the average depth of decline of -22% and average duration of 40 days. Therefore, both in terms of depth and duration, the current decline is still below the average level.
