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Guys, I saw a really striking data comparison today.
TedPillows pulled out the declines of the past three Bitcoin bear markets:
· 2015: Dropped 87%
· 2018: Dropped 84%
· 2022: Dropped 78%
Then he said something chilling: This cycle has only dropped about 50%, and you think it's the bottom?
Based on historical patterns, the bottom decline of each bear market is gradually shrinking, but it has never stopped at 50%. If this cycle follows the same pattern as the previous three, it will need to drop at least 60-65% before truly bottoming out.
From an ATH of $109,000, a 50% decline corresponds to roughly $55,000, while a 60-65% decline points to the $38,000 to $43,000 range. This range almost perfectly overlaps with the $42,000-$44,000 predicted by Jiang Zhuoer earlier. In other words, analysts from different backgrounds are pointing to the same direction.
Of course, history never repeats exactly, but the rhythm is often similar. How many of those shouting "bottom" now have actually experienced the previous bear markets? Those people always think "this time is different," but the outcome ends up the same every time.
So the current move is simple: hold your horses, wait for signals. If there's really still a 20% downside, then entering now is just waiting for the next deep pit. Those who have experienced buying the dip halfway down the mountain know the feeling.