Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Cryptocurrency analyst: Bitcoins current correction level is still below the average

Cryptocurrency analyst: Bitcoins current correction level is still below the average

Odaily2024/06/24 14:45
By:Odaily
Odaily News Analysis by cryptocurrency analyst Rekt Capital shows that since the bear market bottomed out in November 2022, Bitcoin has experienced six major pullbacks, all of which are more than 20% deep. These pullbacks occurred in February 2023, April-May, July-September, January 2024, March-April, and May-June, with pullbacks ranging from -16% to -23.7%. So far, Bitcoins pullback depth is -16% and has lasted for 35 days, which has not yet reached the average pullback depth of -22% and the average duration of 40 days for the cycle. Therefore, the current pullback is still below average in terms of both depth and duration.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Risk of "Major Capital Repatriation" from Japan Intensifies! Japanese Bond Yields Approach 30-Year High, Over $1 Trillion in U.S. Treasury Holdings Under Scrutiny

As Japanese government bond yields rise to their highest level in nearly 30 years, a long-discussed risk in global markets is drawing renewed attention: whether Japan's massive overseas capital might start to flow back into the domestic market.

智通财经2026/09/08 22:41
Risk of "Major Capital Repatriation" from Japan Intensifies! Japanese Bond Yields Approach 30-Year High, Over $1 Trillion in U.S. Treasury Holdings Under Scrutiny

Overnight US Stock Market: All three major indexes fall, Dow drops over 600 points; SK hynix (SKHY.US) rises 4.8%

At market close, the Dow Jones Index fell by 626.72 points, down 1.17%, to 52,787.53 points; the S&P 500 Index dropped 44.98 points, down 0.58%, to 7,673.62 points; and the Nasdaq Composite Index lost 85.58 points, down 0.32%, closing at 26,421.41 points.

智通财经2026/09/08 22:36
Overnight US Stock Market: All three major indexes fall, Dow drops over 600 points; SK hynix (SKHY.US) rises 4.8%

Meta (META.US) launches AI personal agent Muse: monthly fee up to $100, targeting the next-generation AI commercialization entry point

Meta officially launched its AI personal assistant app Muse on Tuesday and, for the first time, began charging subscription fees to some users.

智通财经2026/09/08 22:36
Meta (META.US) launches AI personal agent Muse: monthly fee up to $100, targeting the next-generation AI commercialization entry point