Pasar
Opinion: Bitcoin may be nearing the end of this correction, having retraced about 10% from its recent high
· Source: BlockBeats
BlockBeats news, October 25 - Trader Killa posted an analysis of the pullback framework for this bull market cycle. He stated that the previous bear market saw a maximum decline of about 77%-78%, and during the bull market, before surging to a high of about $126,000, the maximum drawdown was about 20%-22%. This bear market decline was about 54%, and proportionally, the larger pullback during the bull market phase may fall around 10%-15%. Killa pointed out that Bitcoin has retraced about 10% from its local high, and given the current position, this correction may be nearing its end, after which another upward rally could still follow.
This brief is provided by BlockBeats. It doesn’t reflect our views and isn’t investment advice.
Terkait
Galaxy: Approximately 11.1 million bitcoins cannot be linked to known holders, accounting for 55% of the total mined supply.
BlockBeats news, October 26: Galaxy Research's October snapshot shows that of the approximately 20.1 million mined Bitcoin, about 11.1 milli…
Analysis: BTC short-term holders' unrealized profit margin drops to 5.9%, with $76,000 becoming a key cost line
BlockBeats news, October 26 - CryptoQuant analyst Axel Adler Jr posted that the average cost of BTC held for less than 6 months is approxima…
Crypto influencer Kimchi's personal profile once again adds Pump.fun, Kimchi token price once surged over 150%.
BlockBeats news, October 26 - According to Lookonchain monitoring, 3 days after removing pump.fun from crypto influencer kimchi's personal b…