The bull market drops hard—don’t not believe it
In January 2017, BTC broke through the previous all-time high. By December it had surged to nearly $20,000. In those 11 months, BTC experienced 8 pullbacks of 20% or more.
In December 2020, BTC broke through the 2017 high, and by November 2021 it climbed to $690,000. In the same 11-month period, BTC saw 4 pullbacks of 20% or more.
The most extreme was April to July 2021: -53%.
But after these outrageous drawdowns, it usually takes about 1–2 months for things to rebound, and then new highs are set. So I think being too impatient won’t help—real “big bull” moves in Bitcoin are often not a straight line upward.
In January 2017, BTC broke through the previous all-time high. By December it had surged to nearly $20,000. In those 11 months, BTC experienced 8 pullbacks of 20% or more.
In December 2020, BTC broke through the 2017 high, and by November 2021 it climbed to $690,000. In the same 11-month period, BTC saw 4 pullbacks of 20% or more.
The most extreme was April to July 2021: -53%.
But after these outrageous drawdowns, it usually takes about 1–2 months for things to rebound, and then new highs are set. So I think being too impatient won’t help—real “big bull” moves in Bitcoin are often not a straight line upward.