Bitcoin bull run corrections graph analysis πŸ‘‡


One notable characteristic of the 2023 market is the remarkably limited depth of price pullbacks and corrections. In historical terms, during bear market recoveries and bullish trends for BTC, it’s common to observe pullbacks of at least -25% from the local high, with many instances exceeding -50%.

Yet, the most substantial correction in 2023 amounted to just -20% below the local high. This implies that the buy-side support and the overall supply and demand balance have been favorable throughout the year.

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