How long will this decline last? ? ?
Based on the peak declines before the previous two halvings:
15% decline before halving in 2016: from $760 in June 2016 to $650 in July 2016.
50% decline before halving in 2020: from $9,900 in February 2020 to $5,000 in March 2020.
2024 decline? %: Starting from $73,787 in March 2024, the lowest point is not yet known.
If calculated based on 15% before halving in 2016, the bottom will be $62,000.
If calculated based on 50% in 2020, the bottom will be $37,000.
If based on an intermediate value between 20% and 30%, the bottom of this big drop may be between $52,000 and $58,000.
ps: The bottom is likely to come out, choose the right coin and go for it!
