Compare the similarity of the bear market in 2022 and the current trend of $BTC , which is as high as 90%.
In the bear market of 2022, BTC peaked around 69000, then the first wave trend fell to around 40,000, and then fluctuated back and forth at this position for 3 months before starting the second wave trend down to around 20,000. It then fluctuated in the range of 20,000 to 30,000 for nearly half a year before beginning the third wave trend down to around 15,000, marking the bottom of the bear market.
In this round of the bear market, BTC peaked at 126,000, then the first wave trend fell to around 80,000, and after that, it rebounded and fluctuated for about two months, starting the second wave trend down to 60,000. Currently, this is a rebound and fluctuation market after the second wave trend has temporarily bottomed out, and this phase is expected to last for another two months. Therefore, it's possible that this back-and-forth fluctuating market could continue until April.
By comparison, the decline in the third wave of the bear market is expected to be smaller than that of the first and second waves. In the previous bear market, BTC fell by 78%, and currently, BTC has fallen by 52%. Therefore, the third wave trend may drop to around 40,000 to 50,000. As a retail investor, adhering to the belief that it is impossible to buy at the very bottom, starting to accumulate BTC in batches near 50,000 is a reasonable strategy.
In the bear market of 2022, BTC peaked around 69000, then the first wave trend fell to around 40,000, and then fluctuated back and forth at this position for 3 months before starting the second wave trend down to around 20,000. It then fluctuated in the range of 20,000 to 30,000 for nearly half a year before beginning the third wave trend down to around 15,000, marking the bottom of the bear market.
In this round of the bear market, BTC peaked at 126,000, then the first wave trend fell to around 80,000, and after that, it rebounded and fluctuated for about two months, starting the second wave trend down to 60,000. Currently, this is a rebound and fluctuation market after the second wave trend has temporarily bottomed out, and this phase is expected to last for another two months. Therefore, it's possible that this back-and-forth fluctuating market could continue until April.
By comparison, the decline in the third wave of the bear market is expected to be smaller than that of the first and second waves. In the previous bear market, BTC fell by 78%, and currently, BTC has fallen by 52%. Therefore, the third wave trend may drop to around 40,000 to 50,000. As a retail investor, adhering to the belief that it is impossible to buy at the very bottom, starting to accumulate BTC in batches near 50,000 is a reasonable strategy.
