If the pullback structure of each bear market is similar, then referring to the last bear market, this round of bear market, $BTC , will be slightly lower than the last bull market peak by about 22%.
The same ratio currently looks very close, which is around 54,000 USD.
In the last bear market, the lowest price of the main downward wave had already reached close to the bottom position, and afterwards, it was the FTX collapse that completed the ultimate liquidation. I wonder which company will fall in this round of bear market?
But anyway, I think starting to invest at this position of 60,000, even if the bottom is below 50,000, will not be a loss...
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.