Zooming out

BTC’s bear market has now lasted at lengths comparable to the bear markets of 2014-15 and 2018. This cycle has for now seen a max drawdown of 77% in BTC from peak to trough, with the current bottom occurring 376 days after the peak of November 10, 2021.
Source: Tradingview (Bitstamp)

BTC’s bear market has now lasted at lengths comparable to the bear markets of 2014-15 and 2018. This cycle has for now seen a max drawdown of 77% in BTC from peak to trough, with the current bottom occurring 376 days after the peak of November 10, 2021. In the 2014 bear market, BTC’s peak-to-trough drawdown of 85% lasted for 407 days, while the 2018 top to bottom of 84% lasted for 364 days. Thus, while the current drawdown duration has been at comparable lengths to previous cycles, the depths are higher for now.

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