๐ Gate.io #Launchpad# for Puffverse (PFVS) is Live!
๐ Start with Just 1 $USDT โ the More You Commit, The More #PFVS# You Receive!
Commit Now ๐ https://www.gate.io/launchpad/2300
โฐ Commitment Time: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
๐ฐ Total Allocation: 10,000,000 #PFVS#
โณ Limited-Time Offer โ Donโt Miss Out!
Learn More: https://www.gate.io/article/44878
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๐ Since the November 2022 Bear Market Bottom...๐ฐ๐ค
โ๏ธ Bitcoin has experienced the following retraces:
๐ -23% (February 2023) lasting 21 days.
๐ -21% (April/May 2023) lasting 63 days.
๐ -22% (July/September 2023) lasting 63 days.
๐ -21% (January 2023) lasting 14 days.
โ๏ธ This current pullback is only the 5th major retrace since the 2022 Bear Market Bottom.
โ๏ธ All of the pullbacks experienced just over -20% retracement depth.
โ๏ธ Bitcoin has pulled back -16% thus far.
โ๏ธ But the retrace began only last Thursday.
โ๏ธ The current retrace has therefore barely lasted a week.
โ๏ธ In sum, there are two key takeaways about retracements in this current cycle:
โ๏ธ The closer Bitcoin gets to a -20% retrace, the better the opportunity becomes
โ๏ธ Retraces need time to fully mature (at least 2-3 weeks, at most 2-months)
#Gate Post Highlights# #NewYear2024# #ContentStar# #ๆฏ็นๅธ# #BountyCreator# #HotTopicDiscussion# #GateioBountyCreator# #Crypto #