The bull trend in 2010 - 2021 experienced three corrections greater than 70%. (Heikin Ashi candlestick - monthly time frame)
The current market has reached just short of a single 70% correction. However, the previous three corrections tend to be smaller.
I do NOT predict the correction is over, just pointing out that we should not expect sharp corrections.
I don't expect BTC to rally right now, but rather work higher toward late 2023 when the ATH are retested.
The current market has reached just short of a single 70% correction. However, the previous three corrections tend to be smaller.
I do NOT predict the correction is over, just pointing out that we should not expect sharp corrections.
I don't expect BTC to rally right now, but rather work higher toward late 2023 when the ATH are retested.