Moonspid
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๐Ÿ‘‰ Since the November 2022 Bear Market Bottom...๐Ÿ’ฐ๐Ÿค”


โœ”๏ธ Bitcoin has experienced the following retraces:
๐Ÿ“Š -23% (February 2023) lasting 21 days.
๐Ÿ“Š -21% (April/May 2023) lasting 63 days.
๐Ÿ“Š -22% (July/September 2023) lasting 63 days.
๐Ÿ“Š -21% (January 2023) lasting 14 days.
โœ”๏ธ This current pullback is only the 5th major retrace since the 2022 Bear Market Bottom.
โœ”๏ธ All of the pullbacks experienced just over -20% retracement depth.
โœ”๏ธ Bitcoin has pulled back -16% thus far.
โœ”๏ธ But the retrace began only last Thursday.
โœ”๏ธ The current retrace has therefore barely lasted a week.
โœ”๏ธ In sum, there are two key takeaways about retracements in this current cycle:
โœ”๏ธ The closer Bitcoin gets to a -20% retrace, the better the opportunity becomes
โœ”๏ธ Retraces need time to fully mature (at least 2-3 weeks, at most 2-months)
#Gate Post Highlights# #NewYear2024# #ContentStar# #ๆฏ”็‰นๅธ# #BountyCreator# #HotTopicDiscussion# #GateioBountyCreator# #Crypto #
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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MaxG25vip
ยท 2024-03-20 14:46
tea curls
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NewNamevip
ยท 2024-03-20 12:11
Thank you for information!
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Ryakpandavip
ยท 2024-03-20 06:10
Thank you ๐ŸŒน๐ŸŒน๐ŸŒน
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