#BTC Retracement Analysis:
Since the November 2022 Bear Market Bottom, Bitcoin has encountered several retracements:
1. In February 2023, it dipped by 23% over 21 days.
2. In April/May 2023, there was a 21% retraction lasting 63 days.
3. Another 22% pullback occurred from July to September 2023, lasting 63 days.
4. January 2023 saw a 21% retrace lasting 14 days.
The current pullback marks the fifth major retrace since the 2022 Bear Market Bottom. Notably, all these retracements experienced a depth of just over -20%.
The ongoing retrace began only last Thursday, with Bitcoin pulling back by 16% thus far. This makes it barely a week into the current downturn.
In summary, two key points emerge about retracements in this cycle:
1. The closer Bitcoin gets to a -🚨🚨🚨Binance delists 3 altcoins: The decline of delisted projects exceeded 50 percent
#Binance's recent announcement to delist DREP, MOB, and PNT has sent shockwaves across the market. These three cryptocurrencies will be removed from the platform on April 3, 2024.
Following this decision, all three tokens witnessed substantial declines. DREP and MOB plummeted by over 50%, while PNT dropped by 45% in the first minutes after the announcement.
Binance emphasized its commitment to maintaining high standards and adapting to evolving market dynamics. Regular reviews of listed assets ensure alignment with industry requirements and user protection. Delisting occurs when a token no longer meets these standards or when industry conditions change significantly.
