PAST BEAR NUMBERS
I’ve been looking at some numbers recently on past bear markets for BTC. I am surprised there is not already some good blog posts out there somewhere on this. In my opinion, we have seen three major bear markets in BTC in recent history. You could argue there were more prior to the one that started June 2011, but the market was so small back then that it is hard to compare them to today’s market. Two were VERY long, the third was very short comparatively. They all retraced anywhere from 68% to 91% from the high for an average of 82%. The days to the bottom were anywhere from 82 to 622 for an average of 291 days to the bottom!
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