and the S&P 500. This could mean that the crypto bear market won’t end until the stock market bear run is finished.that the S&P 500 has recorded a total of 19 bear market cycles. The average duration for each cycle was roughly 289 days and the S&P 500’s average bottom was 37.3% lower than the ATH.
If cryptocurrencies are to follow the pattern, it could mean the bearish sentiment could last another three months longer, if history repeats and digital assets continue to follow the current correlation with equities. Unfortunately for crypto investors, S&P 500’s average drop of 37.3% is nothing like the lows the crypto economy has seen during extreme capitulation. Three bitcoin bottoms have been more than 80% lower than the ATHs recorded during the bull cycle.
While the top ten crypto assets are down 57% to over 80% already, prices could go much lower. An 80% drawdown from ’s $69K high would be $13,800 per unit and an 80% cut in ether’s ATH value would result in a price of $970.
It will happen and continue to go down but will back up and will surprise us 🌱
if you know than you know
Bitcoin has historically gone down in each cycle an average of 85% from high to low. That would be 10k from 69k.
binance__angel okx____ ME name cool ! 7手示
binance__angel okx____ ME name cool ! 7手示
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