#Bitcoin Market Update: Euphoria Phase Analysis
Comparing current market behavior to previous cycles, the ongoing Euphoria phase—where the market is in price discovery after breaking the all-time high (ATH)—appears relatively young. Historically, Euphoria phases have experienced numerous price drawdowns over -10%, often deeper than -25%. However, this cycle has only seen two corrections around -10% since surpassing the ATH.
Stay tuned as we continue to navigate this exciting phase!
