Has the bull market for Bitcoin passed? The following is a summary of the data from the previous bull markets.
Has the bull market for Bitcoin passed? Conclusion: No. Correction and decline are different. Correction is a normal market behavior, while decline is a trend behavior. Although both appear as price drops, they are actually completely different. If a specific number must be mentioned, it would be 44000. If the price drops to this level, it signifies the end of the bull market. The reason is that the decline exceeds 40%, forming a trend.
Halving
- First halving: Halved on November 28, 2012, and the price reached 1200 in November 2013.
- Second halving: Halved on July 10, 2016, and the price reached 19798 on December 17, 2017.
- Third halving: Halved on May 12, 2020, and the price reached 69000 on October 11, 2021.
- Fourth halving: Halving on April 20, 2024…
- Correction before and after halving
- The current situation belongs to the correction before halving. Will there be a correction after halving? No one can predict, so please assume that this correction is the last one. On July 10, 2016, there was no correction before halving, and a month after halving, the price dropped from 647 to 575, a 10% correction. On May 12, 2020, the day before halving, there was a 20% correction, and a week after halving, there was a 10% correction.
- What stage of the bull market are we in now?
- Roughly 40% of the progress has been made. Do you agree with this view? You can follow the official account: "币圈参谋长" to learn more about real-time market trends and gain more real-time strategies to earn more in the bull market!
This article is exclusively published by "币圈参谋长" (official account). It does not represent any official position. The publication and review of the article have a time delay. The above points are for reference only, and risks are self-assumed!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
