Was $53.5k the Bitcoin bottom ?
#Bitcoin has recorded its deepest drawdown for the current cycle.
Currently trading more than -26% below the ATH.
This downtrend has been notably shallower than previous cycles.
In the 2011–13 bull market
🔻 The maximum drawdown was 71%.
In the 2015–17 bull market
🔻 The maximum drawdown was 36%.
In the 2018-21 bull market
🔻 The maximum drawdown was 63%.
In the 2023-24 cycle
🔻 The maximum drawdown to date is 26%.
Do you think we are going to see more such huge dumps during this cycle? 👇